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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  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 > Big gamble,but I'm in....
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Comment by Wynjoeon Aug 05, 2022 6:18pm
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Post# 34875444

RE:RE:Big gamble,but I'm in....

RE:RE:Big gamble,but I'm in....My story has always been straight.Reco is a big gamble, and at times I have listed of reasons to sell and at times reasons to buy. This company is not a slam dunk,but at under $4.00 I'm rolling the dice. Reco has issues,more then one but they are drilling "now",and I like thier chances of striking oil.GOODLUCK.
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