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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 RHertigon Apr 07, 2021 8:43am
426 Views
Post# 32947888

Well

Well
NR is kind of what they guided they would release. Do you think the FOMO crowd will dump some of their shares? I kinda think some of them were expecting a we found oil news. This is something we won't know untill the massive samples taken are all analyzed. One company I hold we didn't know what we had until 18 months later after they analyzed a lot of data and test multiple zones. It is now their best producing field. Anyway I saved some money just in case. I will buy some more tomorrow whichever way this goes. I am in it for the long haul.
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