Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): V.RECO.W.A | RECWF | 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 > Why I hold Recaf

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Comment by Ryjo1980on Nov 09, 2021 3:40pm

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Post# 34106436

RE:RE:RE:RE:RE:RE:RE:Why I hold Recaf

fair question..... Investors like us or anyone who needs oil. My question is .... how can u not strike easy to access oil when offshore is much more dangerous, costly. Nevermind the fact that the ocean has enough oil seeps without us poking holes into it. Not to mention the likely hood of large accident or spills is far greater off shore. Easier to patrol on land for any spills and the extra activity will make it hard for poachers. Drill baby drill.

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle