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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 uptherecazalyon Jan 15, 2021 8:57pm
515 Views
Post# 32312193

Recon

ReconI saw a post that someone said they hope the basin has not been to hot or cooked the oil, And turned into gas, remember there was a shale play discovered close by, so I think that is put off the question , also I saw a share price est from one of America's banks saying 500 millions barrels could be 24 a share so just think what what is at stake hear, also someone posted total amount of issues share are getting close to being snapped up, if anyone has any insite to please explain as I no idea what that means going forward for share price 
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