What we think is shaping up to potentially be the last great onshore oil discovery in the world has just announced encouraging results in the first section of its second well in Namibia’s giant Kavango Basin, and modern history suggests that first well successes are rarely reversed. That’s huge news for investors in the junior explorer, Reconnaissance Energy Africa ( TSXV:RECO , OTC:RECAF ) , that slipped into this massive play before the supermajors had time to blink. What looks to have been a brilliantly timed acquisition based on a treasure trove of government-held data few knew existed is now hoping to help reshape poverty-stricken Namibia’s future. And at a mammoth 8.5 million acres, this basin spans an area comparable to the largest projects in the Lone Star state. And Recon Africa holds petroleum exploration licenses for the entire basin. If you’re not sure how big 8.5 million acres […]