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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | V.RECO.WT | RCNWF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest Botswana over the Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (km2) (6.3 million acres) of oil and/or gas exploration properties comprising Blocks 1719, 1720, 1721, 1819, 1820 and 1821 situated in the Kavango Basin of northeast Namibia (the Namibia Licensed Property) and approximately 7,592 km2 (1.88 million acres) in Botswana (the Botswana Licensed Property). The two licenses together comprise over 32,933 km2 (8 million acres).


TSXV:RECO - Post by User

Comment by TurnToTheRighton Jul 13, 2021 4:19pm
437 Views
Post# 33537124

RE:RE:RE:RE:RE:RE:Imagine if Reco hits and the following happens ...

RE:RE:RE:RE:RE:RE:Imagine if Reco hits and the following happens ...

So the biggest reason why there is no demand for petroleum engineering at my alma mater is that the majority of the chemical and mechanical engineers get jobs in oil and gas, just like all of the petroleum engineers. The difference is that a petroleum engineering degree can essentially only be applied to jobs in the oil and gas industry, whereas chemical and mechanical engineers can work on oil and gas and many many other indistries. It's hedging your bets, and why wouldn't you do that, putting all your employment eggs in one basket sounds a little foolish, and the companies in downtown Calgary will hire a petroleum, chemical, or mechanical engineer for any job right out of school (be it in reservoir, D
&C, production, or facilities engineering disciplines. Although there is definitely a shift away from oil and gas in the mentality of some students, there is still a need for young engineers in oil and gas.

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