Reconnaissance Energy Africa Ltd. · TSXV:RECO
Reconnaissance Energy Africa — Investor Presentation (June 2023)
8 slides from Reconnaissance Energy Africa's investor presentation, Jun 26, 2023
Slide 1: Kavango Basin Namibia & Botswana Corporate Presentation
Kavango Basin NAMIBIA & BOTSWANA CORPORATE June 26, 2023 PRESENTATION
Slide 2: Legend
LEGEND A preliminary prospectus containing important information relating to the securities described in this document has been filed with the securities regulatory authorities in each of the provinces of Canada, except Québec. A copy of the preliminary prospectus, and any amendment, is required to
Slide 3: Forward-Looking Information
FORWARD-LOOKING INFORMATION Certain information in this Presentation may constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities legislation in Canada, the United States and any other applicable jurisdiction (collectively, “forward-looking
Slide 4: ReconAfrica: Opening Up a New Sedimentary Basin with Proven Oil & Gas
RECONAFRICA: OPENING UP A NEW SEDIMENTARY BASIN WITH PROVEN OIL & GAS One Company has licenced the entire Kavango Basin in Namibia & Botswana - ~8 million acres 3 stratigraphic test wells, 2,767 km 2D seismic, and ~5,000 sq km eFTG - multiple hydrocarbon systems proven ➢ Hydrocarbon types; light oil
Slide 5: Capital Structure: Own Our Drilling Rig, No Debt
CAPITAL STRUCTURE Own Our Drilling Rig, No Debt Daily Price and Volume – Jan 2021 to June 2023 Two Year Share Price and Volume Graph $14.00 8,000,000 Trading Symbol TSXV: RECO, US OTC: RECAF, Germany: 0XD 7,000,000 Shares Outstanding 202.0 million (basic) / 226.3 million (diluted) $12.00 6,000,000 5
Slide 6: Netherland Sewell & Associates – Prospective Resource Report
NETHERLAND SEWELL & ASSOCIATES – PROSPECTIVE RESOURCE REPORT Summary of Undiscovered Gas Initially-In-Place (1) (As of March 31, 2023) (1) Undiscovered Gas Initially-In-Place is that quantity of natural Category Project Gross Company Gross gas that is estimated on a given date to be contained in (10
Slide 7: Company Owned Drilling Rig (Jarvie-1)
COMPANY OWNED DRILLING RIG - (JARVIE-1) ➢ ReconAfrica owns a 1,000 HP conventional drilling rig ➢ Rig ownership reduces drilling costs by up to 50% and provides control over ongoing drilling program ➢ Rated to drill up to ~13,000 vertical feet Stratigraphic Test Wells: ➢ 1st well drilling completed
Slide 8: Namibia and Botswana – Two Stable Democracies
NAMIBIA AND BOTSWANA – TWO STABLE DEMOCRACIES Low Country Risk - Strong Adherence to Rule of Law AFRICA NAMIBIA BOTSWANA MAP AREA ➢ Former German colony, independent from South Africa since 1990 ➢Africa's longest standing democracy, former UK NAMIBIA BOTSWANA colony, sovereign nation since 1966 ➢Sol
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