Oil exploration in the Kavango Basin is back with a series of vital announcements Friday via the junior scout behind what will be the most exciting onshore game in a decade.
After staggering markets with two consecutive confirmations of an active oil formula in Namibia’s Kavango Basin giant, Reconnaissance Energy Africa (TSX. V: RECO, OTCMKTS: RECAF) has now introduced an ambitious 450-kilometre 2D seismic acquisition, expects to release more comprehensive effects from the outset and has introduced an impressive gridded water drilling programme for Namibia.
In a July 30 press release, Recon Africa and its spouse in the state of Namibia, NAMCOR, presented the first 2D seismic program in the 6. 3 million-acre Kavango Basin, following good fortune with the drilling of two stratigraphic wells, whether they showed active traditional oil. system.
The Company reports that a 450-kilometer seismic program is designed to delineate potential hydrocarbon traps and reservoirs. It should be noted that 95% of the seismic program will be carried out on existing roads on 10 seismic lines. Over the following week, Recon Africa, in collaboration with Canada’s leading established seismic supplier, Polaris Geophysical, tested the first line before entering full acquisition mode.
RECO has already conducted several logging campaigns and collected 86 lateral cores from well 6-1, then will execute and cement the cladding to isolate the prospective hydrocarbon-containing spaces and execute the VSP at full intensity to join the two wells to the greater. 2D seismic program.
Shareholders were also expecting more effects from the first test, and will not be disappointed: according to its most recent press release, RECO plans to release those effects this week, just after submitting them to NAMCOR and the Namibian Ministry of Mines and Energy.
On the ESG front, there’s nothing bigger than that, with Recon Africa (TSX. V: RECO, OTCMKTS: RECAF) working hard with national and local governments to promptly bring about the living situation of the people of Kavango. Namibia, which has never produced a barrel of oil in its history, has a lot ahead of it, adding a number of new water wells for communities that have not had access nearby due to lack of resources to drill.
This is one of reco’s first steps in your host country. On July 30, Recon Africa launched its expanded water well drilling program, in collaboration with the Ministry of Agriculture, Water and Agrarian Reform, as well as local kavango governors.
The junior rover also does not operate in an ESG vacuum with respect to its seismic acquisition. Polaris, a world-class seismic company and the oldest in Canada, offers low environmental impact seismic acquisition with Polaris Explorer 860 tractors. These highly complex seismic acquisition tractors operate at an incredibly low frequency for communications with wildlife.
Going forward, we expect the data on Kavango to be heavy and increasingly exciting, especially for those who have entered the field in what could be the last wonderful land oil game in the world.
Short distributors have failed to reduce this inventory and no longer have time to pause, a scenario that has led short distributors to organize large, organized social media campaigns and other campaigns opposed to Recon Africa. the company bets its concessions on a basin the length of a supermajeure that has world-class geologists joining what they’ve seen. Cathey discovered that it was very unexpected not to touch the big tankers, and Jarvie estimated that the basin had generated billions of barrels of oil.
This fully funded 4-well drilling crusade is the culmination of the summer of exploration, and the launch of the massive 2D seismic acquisition is a major milestone. This week, investors can prepare to be inspired (and rewarded) again, with more effects. of the first well, for which Recon Africa (TSX. V: RECO, OTCMKTS: RECAF) already showed an active oil system.
Other corporations that will benefit from emerging oil prices:
TotalEnergies (NYSE: TTE) is one of the most impressive and progressive energy corporations in the world, and for a smart reason. The company is one of the largest oil companies with the most varied and forward-looking vision in the sector. TotalEnergies is obviously aware of the desires that are not being fulfilled through a significant component of the world’s developing population, it is also hyperconscious of the development risk of Climate Change This is good news for investors who are concerned about having an effect on local entities when global energy giants settle in their countries.
From oil and fuels to renewables and more, TotalEnergies is well established in the long run and thanks to its diversification, has surpassed the other big natural oil companies and also remains a step forward from the looming climate crisis by strengthening its renewable assets. And it also has a stellar ESG record. From diversity and the progression and protection of society to its commitment to reducing its own carbon footprint, the nearly century-old energy giant meets all the requirements for investors.
Eni (NYSE:E) is another company to consider as resource costs increase, especially herbal fuel. It is a global energy company that was created in 1959. It has one of the 10 largest manufacturers of herbal fuel and is ranked #2 in production and reserves. Eni operates worldwide, headquartered in Rome, Italy.
In addition to its herbal fuel thrust, Eni also gets on the green hydrogen train. In fact, in December, the Italian oil industry announced a partnership with Entel to produce hydrogen using electrolysers powered by renewable energy. of our carbon footprint by implementing the most productive low-carbon solution applicable, green or blue, to decrease our direct emissions, as well as move to bioproducts to supply our customers,” eni CEO Claudio Descalzi said in a company statement. .
While the U. S. shale zone U. S. And corporations that make big statements about the energy transition make headlines, investors largely forget about one of the most exciting frontiers of the oil industry, Brazil, and one corporation, in particular, takes the lead. Petrobras (NYSE: PBR) aims to submit its pre-salt or consistent contests, and it’s easy to see why. Upstream projects approved for progression must have an equilibrium value of $35 consistent with Brent or less. Brazil’s national oil corporation has budgeted $46. 5 billion in capital expenditures for exploration and production activities from 2021 to 2025.
Clearly, while the pandemic has hit Brazil’s oil industry, causing production to plummet due to heavy budget cuts and well closures, it appears to have caused no damage to the curtains in the long run. due to the global preference for particularly reducing emissions, which will ultimately make Petrobras even more valuable over time.
Petrobras remains one of the world’s largest underrated oil companies, has desirable crude, a large presence in its domestic industry and investors’ developing interest, and is also recovering from low inventory costs like the rest of the industry, indicating that there may be something positive.
ConocoPhillips has been gradually shedding its secondary assets, adding the sale of its oil and fuel assets in the North Sea for $2. 7 billion and the planned sale of its Australian assets for $1. 4 billion; however, its asset portfolio remains healthy. Conoco has been especially positive about the outlook for the oil call for 2021, and is one of the few corporations that did not participate in the large layoffs noticed in the industry last year. In addition, Conoco has also noticed a fairly decent number of insiders buying their shares, which is a smart signal.
Investors also don’t forget about the shale area, Pioneer Natural Resources (NYSE: PXD) is an independent oil and fuel exploration and production company with a diversified portfolio of high-quality assets in the United States. The company’s activities are basically concentrated in two regions. : West Texas, where it has developed one of the highest vital unconventional resource spaces in North America, the Eagle Ford Shale; and Southern California, where it has been a vital position on land in the Los Angeles Basin. Pioneer Natural Resources was founded in 1954 through Ross Shaw, who had long been concerned with leasing land for drilling purposes. its first well near Big Lake, Texas.
As a leader in the Permian, Pioneer is also making significant waves in its commitment to reducing burning in the region. In fact, Pioneer constantly burns a smaller percentage of its production than the basin average. The average burn rate for Permian oil manufacturers is 3. 7%, according to GaffneyCline, while the average for pioneers is 0. 8%.
CEO Scott Sheffield is not very positive about the Permian in the short term. “I never plan to exceed 5% under any conditions,” Sheffield said as well. “Even though oil reached $100 a barrel and the world ran out of supplies. “The managing director of the shale group explained that this is due to the fact that the prices of services related to the addition of more drilling rigs would undermine profit margins.
Enterprise Products is the leading carrier of herbal fuel liquids (NGN) and also has the largest FRACTIONATION capacity of NGN in the United States, as well as the dock area for exports. Enterprise Products is the largest mid-cap MLP in the country. read the symptoms of the times and has begun working with partners to reduce their backlog of projects. In the past, EP has triumphed over the headwinds of the general industry thanks to sound monetary policy and leverage management. Unfortunately, Covid-19 has been anything though, its average slowdown, and EP has been forced to seriously reduce its capital expenditures.
After spending $17 billion on investment projects in 2015-2019, adding new pipelines, oil and gas pipelines and ngng and LPG export facilities, and ngng fractionation plants, the MLP giant spent $2. 5-3 billion last year, down from a previous budget of $3. 5-4 billion. and $4 billion combined in 2021-2022; however, those spectacular discounts are expected to pay off.
The Canadian oil landscape is recovering strongly and opening many horizons for complicated investors. Enbridge Inc. (NYSE: BN, TSX: BSN), in particular, is taking vital steps. Founded more than 70 years ago through World War II veterans Kenneth W. Dam and Arnold R. Parry has since become one of the largest pipeline corporations in North America with more than 2 million miles of pipelines in Canada and the United States. It also supplies fuel transmission, storage, herbal fuel distribution, electric power generation and retail electric power services. They have more than 150 years of combined experience in creating electric infrastructure that provides Canadians with affordable energy they can rely on to heat their homes during the long winter months or cool them on hot summer days.
Enbridge is in an exclusive position as oil and fuel return in 2021. As one of the potentially most undervalued corporations in the industry, it may generate a lot of money this year, but that’s only if it can triumph over some of the most demanding. More specifically, its allocation of line 3, which has been subject to careful scrutiny by environmentalists. The $2. 6 billion allocation will upgrade Enbridge’s existing 282-mile, 34-inch pipeline with 337 miles of 36-inch pipe. The new Line 3 would have the ability to bring in 370,000 barrels of oil consistently a day, alleviating the transportation capacity constraints that Canadian oil manufacturers have been grappling with for years. preventing the Canadian oil industry from reaching its potential.
Canadian Natural Resources is an outlier in the industry. Unlike many of its peers, Canadian Natural Resources has kept its dividend intact after suffering a loss in the early part of the year, while Canadian manufacturers are cutting production by about 1 million bpd amid low costs and oil demand. dividend, withdrew its production forecast for 2020, and stated that it would decrease some of the production in traditional high-cost projects in North America and in oil sands operations and that it would carry out the planned recovery activities for oil sands projects in the country. time part of 2020.
Suncor Energy (TSX: SU) is a Canadian multinational energy company based in Calgary, Alberta, that operates Canada’s largest oil sands allocation: Suncor’s oil sands operations. with operations in North America and 20 countries around the world. With more than $120 billion in assets, it owns more than 10 million acres of land for exploration and production on six continents.
Suncor has followed a number of high-tech responses to find, pump, buy and deliver its resources. It is not only in the oil sector, but it is also a leader in the renewable energy sector. Recently, the company invested $300 million in a wind farm in Alberta.
When the uptick in crude oil costs materializes, however, giants like Suncor will do well. While many primary oil companies have given up oil sands production, those that focus on the region’s technological advances have smart long-term prospects. And this merit is further amplified by the fact that lately it is undervalued compared to its peers.
The company’s vast and proven resources and generation make MEG a promising venture for investors looking to enter Alberta’s promising oil sands Gibson Energy (TSX: GEI) is an energy company that specializes in the production, transmission and distribution of herbal fuel resources. offering a reliable service to its consumers for more than a hundred years. Lately, the company employs more than 1,400 people in North America.
Gibson has a long history in the game of oil and fuel in Canada, dating back to 1953. The company has a diversified portfolio that includes the transportation, storage, processing, marketing and distribution of petroleum, condensates, oilfield waste, subtlety products and herbs. Thanks to Gibson’s wide diversity of assets and cross-platform sales strategies, it covers much of the threats to investors in an inherently high-performance, high-threat industry.
Pembina Pipeline Corp. (TSX: PPL) is a lifestyle company for more than 50 years and the first pipeline company in Canada to offer fuel transportation services. It is now one of the largest herbal fuel transportation companies in North America with an annual production capacity of approximately 66 billion cubic feet consistent with the day. This blog post will talk about Enbridge Inc. ‘s recent acquisition of Pembina, its monetary functionality, and how they see long-term expansion opportunities.
Pembina Pipeline Corporation is a Canadian energy infrastructure company that manufactures products such as herbal gas, petroleum, renewable energy and chemicals for consumers primarily on the east coast of North America from its operations in Alberta, British Columbia, Ontario and Quebec.
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Forward-looking statements. Statements in this document that are not old facts are forward-looking statements that involve various dangers and uncertainties that affect Recon’s business. All estimates and statements related to Recon’s operations, plans and projections, drilling program, other exploration and effects, duration of prospective oil reserves, comparisons to other oil-generating fields, oil costs, recoverable oil, targets of production, production and other fields of exploitation. The costs and probability of recovering oil are forward-looking statements under applicable securities law and necessarily involve dangers and uncertainties. Array adding, without limitation: hazards related to oil and fuel exploration, adding drilling and other exploration activities, reporting time, development, exploitation and production, geological hazards, marketing and transportation, availability of good enough financing, volatility raw curtain costs, inaccurate estimates of reserves and resources, environmental hazards, festivals from other producers, government regulations, production start dates and adjustments in regulations and the scalp environment. Actual effects are likely to differ dramatically from the data provided here, and there is no representation that actual long-term effects achieved are the same in whole or in components as presented here. Other points that may also cause actual effects to differ from those contained in the forward-looking statements are also set forth in documents filed through Recon and its technical analysts. We do not undertake any obligation, unless otherwise required by law, to update those forward-looking statements, unless required by law.
Hydrocarbon exploration is a highly speculative undertaking that necessarily involves very large risks. Recon’s long-term good fortune will count on its ability to expand its existing homes and its ability to detect resources capable of generating publicity. However, it cannot be assured that Recon’s long-term exploration and progression efforts will result in the announcement or progression of advertising accumulations of herbal oil and gas. In addition, even if hydrocarbons are discovered, the prices of extraction and delivery of the hydrocarbons to the market place and the diversifications in the market place can make any value found The deposit is not profitable. Geological situations are variable and unpredictable. Even if production begins in a well, the amount of hydrocarbons produced will inevitably be minimized over time, and production may be adversely affected or possibly need to be stopped altogether if recognition encounters unforeseen geological situations. hinder Recon’s ability to continue its exploration or production activities frequently during a given year.
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