ReconAfrica

ReconAfrica (TSX-V: RECO)(OTC: RECAF) is a junior oil and gas company engaged in the exploration and development of oil and gas in Namibia and Botswana. ReconAfrica holds a 90% interest in a petroleum licence in northeast Namibia and 100% interest in a petroleum interest in northwest Botswana which covers the entire deep Kavango sedimentary basin. The Namibian petroleum licence covers an area of approximately 25,341.33 sq km (6.3 million acres) and the Botswana petroleum license comprises approximately 9,921 sq km (2.45 million acres). The deep Kavango Basin offers both large scale conventional and non-conventional play types.

ReconAfrica acquired a high-resolution geomagnetic survey of the license area and conducted a detailed analysis of the resulting data and other available data, including reprocessing and reinterpretation of all existing geological and geophysical data. The survey and analysis confirm that the Kavango Basin reaches depths of up to 9000 m (30,000 feet) under optimal conditions to preserve a thick interval of organic rich marine shales, and is anticipated to hold an active petroleum system.