KEYFACT Energy
Renaissance Oil provides an update with respect to its option for a 50% working interest in a Petroleum Licence in the Kavango sedimentary basis, Botswana.
The holder of the Licence, Reconnaissance Energy Africa (“ReconAfrica”), has announced that the Republic of Botswana has issued an updated Licence which excludes the Tsodilo Hills, a UNESCO World Heritage Site, such that the Licence area is now 8,990 km² (2,221,000 acres) versus the previous 9,921 km² (2,450,000 acres). ReconAfrica has stated that it never had plans for operations in the area of the Tsodilo Hills as it follows strict environment, social and governance protocols.
KeyFacts Energy: Licensing news