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 > Oil action is OFFSHORE

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Comment by deepoil0808on Aug 14, 2021 12:48pm

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Post# 33706211

RE:RE:Oil action is OFFSHORE

Show me the proof where the migration is East to West.

And show me that this migration is under the Okavango delta and that it travels to Reco block.

If you cannot prove it, then it is just words. Words cannot justify a $ 1.3 billion market cap. No matter how much you cheerleading or clapping you do for them.

Stock is down 47% from $ 13.84 per share, which represents a clear vote of non confidence in this project.

There are however three positives from this project:

(a) The Elephants are celebrating

(b) The people in Nambia are getting water wells

(c) World climate environmentalists are sleeping better

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