Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > Simple Logic

View:

Post by rexdunx on Sep 22, 2022 11:49am

Simple Logic

This deal would result in political suicide for Namibian politicians if 8-2 is a duster. For me, the finalisation of the deal means something great is coming soon!

157

Comment

Comment by jwa444 on Sep 22, 2022 12:27pm

The closing of this transaction was originally scheduled for the end of March, 2022. I suspect the delay was on Namcor's side, awaiting evidence (seismic, drill cores, etc.) that it was to their advantage. As a partner, they have full access to these results. Their willingness to go forward with the deal indicates that there is strong evidence of a lot of oil. Namcor ...more

182

Comment