Energy News Today

The Most Important Oil Find Of The Next Decade Could Be Here

A potential high upside opportunity in the oil and gas sector is unfolding that offers one of the most attractive risk/reward profiles this industry has seen in quite a while.

This opportunity is with a small oil explorer sitting on a supermajor-sized oil and gas basin…and yet the company is still currently flying very much under Wall Street’s radar.

Reconnaissance Energy Africa (TSX:RECO.V; OTCMKTS:RECAF) is a small $300+ million company that has secured petroleum licenses for an entire sedimentary basin in Namibia and Botswana…two extremely resource-friendly countries with very low royalties fees.

This basin – as deep as the Permian – could prove to be one of the world’s last-ever giant onshore oil discoveries.   And as a new basin, the potential is likely for Conventional Oil and Gas. No Fracking, normal production profiles, low water requirements which means low cost per barrel.

And Recon Africa has secured the petroleum licensing rights to the entire basin.

With one of the world’s largest onshore, undeveloped hydrocarbon basins – whose potential has been analyzed and acknowledged by some of the industry’s most sought-after experts – the oil that is hoped to be discovered by Recon Africa could ultimately prove to be worth tens of billions.

This isn’t an investment with simply ordinary profit potential. We’re talking about a true “lottery ticket” – potentially the largest oil discovery in the last 20 to 30 years. They just have to make that big discovery.

And, again, one small-cap company has secured the rights to all of it.

Should the pieces all fall into place, Recon Africa could be sitting on oil reserves that rival the majors. This could be the kind of story you tell your friends and relatives about for years.

Drilling Has Begun and Results Are Expected Soon; This is a Fast-Moving Scenario

In our experience, in the history of oil exploration, never has one company this small been on top of a basin this big.  This basin, like all major oil and gas provinces, is actually a set of 5 sub-basins separated by structural highs, where the best conventional traps can often be found.  

With drilling now underway, it’s unlikely that this company remains under-the-radar for much longer – and the world will be very interested to learn about any major discovery made here.

Here are 5 Reasons why you should look at Recon Africa (TSX:RECO.V; OTCMKTS:RECAF).

  1. Recon Africa owns the rights to a massive sedimentary basin loaded with potentially hundreds of billions of dollars worth of oil and gas.

Under several long-term petroleum licenses, they have acquired all rights to an entire sedimentary basin in Namibia and Botswana.

This basin – known as the Kavango Basin – is comprised of 8.5 million acres and is said to be similar in depth to the Permian. New data on the basin shows that not only is it large – it’s also as much as 30,000 feet deep.  The Kavango is a rift-basin, which refers to geologically how the…

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2021-01-13 17:00:00

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