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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

Post by pacer001on Apr 22, 2023 1:42am
294 Views
Post# 35408486

Recaf should get the money back that they paid …

Recaf should get the money back that they paid …... to the Namibian national company for their share of the properties Recaf bought since in the current political environment of radical environmentalism even if there was a major find it could not be exploited due to "environmental concerns" and a lack of funding.

Just think about it. If An oil rich big country like Nigeria with proven oil is losing billions of investment dollars so why would a little country like Namibia have a chance? 
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