Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): RECAF | V.RECO.W.A

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.

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Reconnaissance Energy (Africa) Ltd > CEO told me..no news until 3 drill program complete

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Comment by PunkRockyon Apr 18, 2021 11:45am

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Post# 33018919

RE:CEO told me..no news until 3 drill program complete

I'm super pissed here for what happenedl... sold my positions for RECO and ROE when RECO announced that they owuld only reveal the drill results ONLY AFTER all 3 holes were drilled and analyzed. Wasn't planning to hold a bag till later this year to find out and miss out on other investment opportunities. Now this result with the 1st hole reveal........ someone should be held accountable for this kind of travesty. Clearly this was a very bad move by RECO management to try to keep secrets for this massive working basin opportunity... but then again, the chance of insider information leaking out and only certain poeple and entities getting that info and benefiting would also be immoral. Someone por some entity must have forced RECO management's hands. Not right what happened. :(