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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 judomaccaon Mar 24, 2021 1:06pm
264 Views
Post# 32867167

Speculation

SpeculationIt would help if the management would be a bit more transparent and release a bit of information rather than having investors speculating about possibilities. I thought corporations were suppposed to be democrtic institutions. Instead they are a bunch of little dictators. All that talk about not wanting to release any info that would result in hostile takeovers is a bunch of BS. The big boys are already sniffing around and finding things out. When RECO do complete wells and have results the big boys will be the first to know.. /////SO WHY THE SECRETS. 
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