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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  V.RECO.W.A | RECAF

Energy Metals & Mining Oil & Gas E&P Industrial Metals & Minerals
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

Reconnaissance Energy (Africa) Ltd > NEWS
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Comment by Bpultraon Jan 20, 2022 7:59am
361 Views
Post# 34336456

RE:RE:NEWS

RE:RE:NEWS
pacer001 wrote:

Thanks wotan13, this release is already heating up the wires and long overdue even if there is no major news concerning well #3.

Glad to hear that we are now moving on to 6 wells even though I was surprised to read we still are dealing with permits.

The main takeaway was that the new director is "gas" guy. As a bread-and-butter gas investor I am most interested in his involvement and potential contributions; particularly with the South Africans working on a way to turn their natural gas discoveries directly into gasoline. 

If we are also sitting on a lot of natural gas and this process can be perfected on a large scale it would dramatically solve a lot of problems and balloon the value of our holdings sky high!

 


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market is not going to like this NR  .... https://twitter.com/Recon_Africa/status/1484137406236446720
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