Is This The Next Great Oil Frontier?

There are a lot of new companies in Namibia, but none with an entire basin as large as this.

Not only do they own the entire basin, but Reconnaissance Energy Africa also has a 4-year exploration license for the basin, leading to a 25-year production license if there is a commercial production discovery.

Sproule--a tier 1 resource assessment company--estimated that Kavango has a potential 12 billion barrels of oil and 119 trillion cubic feet of natural gas. That's for the shale, and there is also conventional potential.

The first well at Kavango is planned to be drilled in the second quarter of 2020, and this junior explorer Recon is hoping for good results.

Other companies looking to find the next oil frontier:

Halliburton (NYSE: HAL) is one of the largest oilfield services companies in the world. The company has secured its place in the oil and gas industry. But it didn't happen overnight.
The oilfield services sector is highly competitive and ripe with innovation. In order to stay ahead, companies must be on the absolute cutting edge of technology. And that's exactly what Halliburton has done.

Schlumberger (NYSE: SLB) posted strong financials for the second quarter, with both revenue and earnings beating expectations. The oilfield services giant was hit hard by the oil market downturn, but will be one of the biggest beneficiaries of the rebound.
The international market is set to improve, meaning Schlumberger will profit on the shale drilling rush, but also on more drilling around the world.

Husky Energy Inc (TSX: HSE)(HUSKF): This integrated oil and gas company out of Western Canada lives up to its name, fierce and driven for success. It's already got a presence in some of the most well-known oil regions on the planet, but it hasn't stopped there. It's even positioned itself in Europe, Africa and as remote as the South China Sea.

Suncor Energy (TSX: SU)(SU): As one of the biggest names in energy, Suncor has adopted a number of high tech solutions for finding, pumping, storing, and delivering its resources.
While its primarily based out of North America, its assets in Africa and the Middle East should not be ignored. Though the oil downturn has weighed on the company's share price this year, many analysts are pointing to a turnaround, from which Suncor is likely to benefit.

Tourmaline Oil Corp (TSX: TOU)(TRMLF) is another Canadian resource producer focusing on exploration, production, development and acquisition within Western Canadian Sedimentary Basin. The company is in possession of an extensive undeveloped land position with long-term growth opportunities and a large multi-year drilling inventory.
Tourmaline's strong leadership make the company a promising pick for investors looking to take advantage of the tremendous Canadian oil opportunities which are due for a strong rebound as oil prices inch higher.

Imperial Oil (TSX: IMO)(IMO) still has some of the lowest cost producing oil sands in Canada and that is going to pay off as oil prices continue to rise and new tech breakthroughs bring breakeven prices even lower.
The management is well known for being conservative, but that certainly shouldn't put investors off in a time when recovery is the buzzword of the day and consistency is sure to be rewarded.

Gibson Energy (TSX: GEI)(GBNXF): has a long history in Canada's oil and gas game. Established in 1953, Gibson knows the industry inside and out. The company has a diverse portfolio which includes transportation, storage, processing, marketing and distribution of oil, condensates, oilfield waste, refined products and natural gas.
With Gibson's huge array of assets and its multi-platform sales strategies, investors look to Gibson with confidence.

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