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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

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > there is commercial oil or gas there
View:
Post by peterj99 on Apr 09, 2023 11:44am

there is commercial oil or gas there

There is commercial oil or gas there or there in no commercial oil or gas there.

That has nothing to do with scandals.
Just as long as they are able to drill or get partners will be the deciding factor.

Time will tell.

 
I will not sell
 

Do your own DD and make your own decision

Good luck to all RECO shareholders

Never gamble more than you can afford to lose

 
Comment by RawSienna on Apr 09, 2023 11:56am
Yeah, it's not like every other government in the world is not without internal problems and scandals, look at Canada with SNC-Lavalin which is still in business as far as I know. If there is oil or gas there, this will be a nothingburger. Did Reco even initiate it? as far as I can tell it his suspension has to with a contract in Angola. https://en.wikipedia.org/wiki/SNC-Lavalin_affair ...more  
Comment by peterj99 on Apr 09, 2023 1:42pm
SNC Lavalin, a construction company, working in a country that was run by a dictator That is how business and everything else works in dictatorships. That is my opinion.  I bet they weren't the first and they won't be the last
Comment by Oregonduck on Apr 09, 2023 4:31pm
RCMP investigating Canadian oil company ReconAfrica after complaints of alleged corruption and fraud GEOFFREY YORKAFRICA BUREAU CHIEF JOHANNESBURG PUBLISHED JULY 22, 2022
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