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.

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Reconnaissance Energy (Africa) Ltd > A question to the wise: risk vs reward for second test well

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Comment by SprengoMon May 20, 2021 1:31pm

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Post# 33241142

RE:A question to the wise: risk vs reward for second test well

This is junior miner playing field. Numerous things can go wrong that are hard to imagine and make the stock plummet. Eg:, no oil hit on second well, no commercial oil, only gas bc temperature in basin is too high, dilution beyond imagination, government imposing new taxes, rig breaking down...

Not saying these have high chance, just don't put life savings in this.

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