10:31 AM EST - Reconnaissance Energy Africa Ltd. : Announced it has engaged an international drilling company, Seidel Technologies, to play an integral role in executing the upcoming drilling program in the Kavango Basin of Namibia. Founded in 2007, Seidel Technologies, a Denver based oil and gas drilling engineering firm, provides comprehensive project management for North American and International drilling operations. Since inception, Seidel Technologies, with over 42 staff, has worked with a wide array of successful oil & gas companies (from juniors to majors) in creating approximately $40 billion in asset value through drilling activities. Frank Seidel specifically, is an unconventional drilling expert having drilled over 3,000 wells domestically and internationally. "Seidel Technologies, with their expertise and track record in successfully executing international drilling campaigns, is an excellent choice to work with ReconAfrica during its initial drilling of the Kavango Basin," stated Jay Park, CEO. "Further, the Company is working closely with Seidel Technologies to acquire North American drilling equipment specifically designed for logistics and drilling depths of the Kavango Basin." Reconnaissance Energy Africa Ltd.
shares V.RECO are trading unchanged at $0.51.
