ReconAfrica (TSX.V: RECO, OTCMKTS:RECAF) owns the entire Kavango basin In Northeastern Namibia and Northwestern Botswana. That’s over 8.75 million acres that is as deep as the prolific Texas Permian basin.
Reservoir engineering firm Sproule originally assessed the potential of the oil in the Namibian portion of the Kavango Basin as containing up to 12 billion barrels of oil (or) 119 trillion cubic feet of natural gas.
Source: Research Report - Mark Heim CFA
Those are great numbers on their own, but there are two things to consider: These numbers only include Sproule’s 12 billion bbl estimate in Namibia. They don’t include another 6 billion bbls