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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 27, 2023 2:37pm
180 Views
Post# 35417636

Remember Elon Musk’s dad hit it very big…

Remember Elon Musk’s dad hit it very big…

... Next door in South Africa with emerald "mining". Like all things Musk it has to be taken with a huge grain of salt!

Musk claims he started out on his own but his dad said it was the African emeralds that got him going. I know as a fact one of his first big hits was selling a street locator system to the Tribune Company in 95 or so. 

Yes Africa is a treasure trove for some but not all. Will Recaf ever really hit it big? I don't doubt it but the question really is will there be a market for it then with governments pushing electric vehicles and outlawing petroleum fueled cars. I doubt it!

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