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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

Comment by TurnToTheRighton Jul 06, 2021 3:48pm
202 Views
Post# 33500215

RE:RE:MASSIVE HYDROCARBONS IN PLACE - shorts are done.....

RE:RE:MASSIVE HYDROCARBONS IN PLACE - shorts are done.....@JimGeorge, almost everything you said I agree with, except that last part. A company doesn't have to disclose anything as long as you have gone through the correct regulatory channels. Companies regularly licence wells as "tight" to allow them the right to keep the information confidential, and after a certain time period (1 year in Alberta) the information is released to the public. So no, RECO may not have to necessarily disclose any material information to the security regulators, they may have hit the motherboard, and they may well be within their legal rights/duties by not disclosing anything.
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