Reconnaissance Energy (Africa) Ltd V.RECO

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

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Reconnaissance Energy (Africa) Ltd > Financing next steps

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Comment by RHertigon May 06, 2021 10:24pm

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Post# 33149809

RE:RE:RE:Financing next steps

Our stock price would have to reach an insane amount to get bought out for an insane amount. No one is going to come in and offer a hundred times the stock price. It just doesn't work that way. They might offer a double and start a bidding war that goes up to two or three times.

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