Further to DEA 11 Jun '20, ReconAfrica's award of sole rights to 9,921 sq km of Okavango (Kavango) Basin acreage last month at the start of the panhandle in NW Botswana is now named as PEL 001/2020 (GEPS map extract below). The contract runs 4+10 years, plus 25+20 years production if warranted. Commitments include: HR airmag in yr 1, regional geol studies in yr 2, environmental impact studies, pre-drill operational environmental assessment in yr 3, identification of all necessary regulatory permits and approval, soil geochemical sampling for identifying hydrocarbon plumes, supporting drill selection, in yr 4.
Namibia, (Okavango B.), ReconAfrica's award of sole rights to 9,921 sq km of Okavango (Kavango) Basin acreage last month at the start of the panhandle in NW Botswana is now named as PEL 001/2020. The contract runs 4+10 years, plus 25+20 years production if warranted.