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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 Sundownerson Aug 06, 2021 4:11am
301 Views
Post# 33662236

RE:Shallow depth + lack of 3rd party core data is problematic

RE:Shallow depth + lack of 3rd party core data is problematic

By your own admission you are not familiar with oil drilling and neither am I. 


But reading this post it's clear you're twisting in the wind. You've thrown the tea leaves and interpreted them your way...

You can be 100% sure there is a good counter reason for every one of the points you have argued upon...

Nothing has changed and this is an extremely promising oil play which will only play out over the next 5 years, excuse the pun...

Your post also seems to imply RECAF is deliberately hiding bad news. I think that's nonsense. What would be the point?

Sorry HD, but you have just shown yourself to be the typical retail investor shaken out of his shares the very first time the wind appears to blow...

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