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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

Comment by Cancundudeon Jan 15, 2021 5:27pm
445 Views
Post# 32311570

RE:Crazy price

RE:Crazy priceIf it's hydrocarbon rich cores they are pulling up it would easy for a child to see the oil floating on the top of the capture tank. No doubt the geologists on the ground and even the drill crew will see signs of oil and that info will leak for sure. It's Africa and good news spreads fast and the local oil company partner will be buying up what they can. My only concern is if the ground was over heated and the oil was cooked down to gasses. Either way this is going to be a fun trade and exciting to watch. 
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