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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.


TSXV:RECO - Post by User

Comment by pacer001on Jan 01, 2023 9:56pm
147 Views
Post# 35199253

RE:RE:RE:There are three kinds of lies

RE:RE:RE:There are three kinds of lies

Mr. Duck I fear you are right about the wolves guarding the chicken koop. 

All too often the crooks get away with it ;maybe paying a small fine or small payback. 

A recent case in 2022 was the settlement of the Tribune Company fraud actions. The executives and others paid like a $100 million dollar setttlement. Now they made BILLIONS off the sale and the banks got stuck and eventually us taxpayers.

So it is like robbing a bank of a million dollars, getting caught, paying maybe  $100,000 and getting to keep the rest and laughing all the way.

I have seen enough of regulators being little more than whistle blowers!
 

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