KEYFACT Energy
ReconAfrica has been granted approval for the First Renewal Exploration Period by the Department of Mines of the Republic of Botswana for PEL 001 onshore Botswana. The First Renewal Exploration Period covers the period from October 1, 2024 to September 30, 2028, relating to the approximate 1.9-million-acre licence. Under the terms of the First Renewal Exploration Period the Company will be required to undertake various geotechnical evaluations, vegetation mapping, a water study report, methane seep detection activities, an environmental impact study and provide funding for Botswana Petroleum Exploration and Training. Total minimum required expenditures under the Licence over the term represent BWP5.0 million (approximately C$517,500).
KeyFacts Energy: ReconAfrica Botswana country profile