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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the opening of Kavango Sedimentary Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. It holds 90% interest in a petroleum exploration license in northeast Namibia and a 100% interest in petroleum exploration rights in northwest Botswana over the entire Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (6.3 million acres) and 8,990 km2 (2.2 million acres) in Botswana. The two licenses together comprise 34,325 sq km (8.5 million acres). Its conventional drilling program is focused on analyzing the rocks to determine if there is a working petroleum system in the Kavango Basin.


TSXV:RECO - Post by User

Post by Turned2Goldon Dec 27, 2020 8:23pm
567 Views
Post# 32186127

New share price high coming this week?

New share price high coming this week?With the drill rig now on site and ready to start tuning I expect demand for this stock to soon exceed supply. The first 1000 feet have already been drilled which means they could be into permian aged shales in as few as 9 days from now. There will be no way to hold back news if the crew encounter black shale or visible oil. Anyone thinking about taking a position in ReconAfrica will want to act fast. 
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