## Reconnaissance Energy Africa — the Kavango Basin
_Descriptive field note on the position — not investment advice, no price targets._
Reconnaissance Energy Africa is an oil-and-gas explorer in Namibia's Kavango Rift (with further interests in Angola, Botswana and offshore Gabon) — roughly 13 million acres of ground. The name is a classic frontier story: a very large, very early wildcat whose value hinges not on production figures but on the outcome of the next wells.
### Thesis
2026 is the year RECO attempts the transition from exploration to a production test. Two data points carry the story: Kavango West 1X is a test across six zones with roughly 420 m of hydrocarbon intervals, and at Elandshoek gas-to-surface was confirmed across three consecutive flow tests. The presence of established partners — BW Energy (20% working interest) and NAMCOR (10% carried) — is a further signal that the basin is being taken seriously.
### Catalysts
- Kavango West 1X: test across 6 zones / ~420 m hydrocarbon intervals (started 8 Jun 2026).
- Elandshoek: gas-to-surface confirmed in 3 flow tests (July 2026).
- Partner validation: BW Energy (20% WI) + NAMCOR (10% carried).
### Risks
- Binary exploration risk: results are inherently uncertain.
- Namibia: ESG and permit risk in the Kavango basin.
- Capital requirement to continue the program.
### Facts
- **Ticker:** TSXV / NYSE: RECO
- **Region:** Kavango Rift (Namibia) + Angola / Botswana / Gabon offshore
- **Acreage:** ~13 million acres
- **Kavango West 1X:** test 6 zones / ~420 m hydrocarbon intervals (started 8 Jun 2026)
- **Elandshoek:** gas-to-surface confirmed in 3 flow tests (July 2026)
- **Partners:** BW Energy (20% WI) · NAMCOR (10% carried)
