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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

Post by CammerRecon Oct 27, 2021 1:30pm
153 Views
Post# 34055302

Namibia to establish a sovereign wealth fund?

Namibia to establish a sovereign wealth fund?

... funded by windmill revenue? This story on the wires has more holes in it than a Swiss cheese!

First of all the revenue from these windmills is no where near the income from oil- let alone fund a sovereign wealth fund.

My take they really are talking oil but don't want to admit it in that it would attract Prince Henry and his radical environmentalists. So i see this as positive in that they would not establish a soverign wealth fund if they would not have wealth. So someone knows something! Good for Recaf!

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