Namibia has every right to celebrate. It’s never produced a barrel, but now, its Kavango Basin test wells have hit hundreds of meters of oil. And the junior exploration company behind it all thinks it might be sitting on a potential mammoth conventional oil play. On August 5 th , Reconnaissance Energy Africa ( TSXV:RECO , OTC:RECAF ) and its partner, NAMCOR, Namibia’s state oil company, released their most stunning results yet —with lab tests comprehensively confirming an active petroleum system and results from a second test well hitting 350 meters of hydrocarbon showings. That’s on top of the first test well’s showings of 250 meters of hydrocarbons. This is a huge showing for this junior company’s maiden drills. In fact, it’s so huge that optimism is growing that they might have actually test-drilled right into a reservoir on the first shot . Referring to Jarvie’s graph below, in […]