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 > Answer me this...

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Post by Wynjoeon Feb 10, 2022 12:50pm

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Post# 34417195

Answer me this...

Market cap over 1.2 BILLION DOLLARS. They got a couple of so so holes drilled,and barely enough cash to drill 2 or 3 more,in a country that's f eee.The only saviour I see is if they strike the mother lode in these next 2 wells(doubtful),and (maybe)some of the big boys buy them out. AM I MISSING SOMETHING???

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