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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 recowatcher69on Feb 06, 2021 12:27pm
299 Views
Post# 32493090

CEO Loads up

CEO Loads up SEDI Filings show that Scot Evans loaded up on Options and has a significant amount of his own money tied up. Hang on as 'insider' ownership continues to climb. If they are stocking up-pun intended-this could be a fast ride to the top. 2D Seismic should take approximately 55 days, so it all ties together for the 'release' of information and positive PR in March. I could see $10 USD by the end of February or early March. GLTA
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