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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 > results
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Comment by Wynjoeon Nov 09, 2022 10:31am
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Post# 35085179

RE:results

RE:resultsNot the end of the world???How do or can you put a positive spin on this dismal news release? Who will invest without MAJOR dilution?You placed your bet...you lost,accept it and if they don't go bankrupt buy some shares at below ten cents in January.I am not sure how the class action lawsuit will see any money they win from this catastrophe. MAJOR SELL!!!
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