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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 Letsmake1on Aug 12, 2020 1:58pm
153 Views
Post# 31399177

Southern appetite for big oil

Southern appetite for big oilThe thing we all have to take into consideration is that this story is not known south of the Canadian border, most of the shareholders are Canadian at this point. That is why Doug Allen was brought on board...to get the story told in the US where we all know they have have a pretty good appetite for a big oil play...How would you like to own a basin the size of Eagle Ford for under a buck a share and a market cap of only $70mil Mr Texas big pocketed oil loving investor??? It is going to be a fun ride as this progresses
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