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How To Play The Oil Price Rebound In 2021

Here’s what Wood Mackenzie has to say in its latest report:
There’s no one more respected in the resource space than Wood Mackenzie. So, when they came out with this report, our excitement level increased exponentially.
Wood Mackenzie detailed three world-class similar age basins the Midland Basin in Texas, the Southern North Sea Basin in the Netherlands and the UK, and the Doba Basin in Chad (Africa) and demonstrated how RECO’s Kavango is analogous to all three, but particularly to the giant Midland Basin.
The Midland Basin, in the Permian basin of Texas, has been producing oil since the 1930s, and it is the undisputed king of American production. It won’t even hit peak production until 2035 at 3.8 million barrels of oil equivalent per day. And it’s estimated overall development value is $540 billion (in oil only). We are all familiar with Permian Basin as an unconventional resource, but that’s only over the last decade. This basin, like all othe ....

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Republic of Botswana and ReconAfrica amend Exploration Licence to exclude entire Tsodilo Hills area

Republic of Botswana and ReconAfrica amend Exploration Licence to exclude entire Tsodilo Hills area
06 Jan 2021
Petroleum Licence (
ReconAfrica recognises and accepts the importance of pertinent cultural and historical sites. As such the
Tsodilo Hills, located in north-west Botswana near the Namibian Border, a UNESCO World Heritage Site, has always been recognized by the Company, as a site with this specific, highly important, designation.
To this regard,
ReconAfrica and the Government of Botswana began a process in October of 2020 to address this important issue. As a direct result of their collaborative process, the Republic of Botswana has now issued an updated Licence to ReconAfrica excluding ReconAfrica’s entire Core and Buffer areas of the Tsodilo Hills. The License area is now 8990 km2 (2,221,000 acres) versus the previous 9,921 km2 (2,450,000 acres). ReconAfrica is pleased with this preferred structure as the Company has never had plans for oper ....

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