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.

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Reconnaissance Energy (Africa) Ltd > 200K

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Comment by PunkRockyon Aug 26, 2020 7:53pm

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Post# 31458285

RE:RE:RE:200K

Renaissance Oil (ROE) is RECO's partner in that area.... rest assured, the moment the drill results are out and positive, both company's shareprices won't remain where it currently is for very long. Can't go wrong with ROE as it is at rock bottom at the moment due to Mexico messing up their (and the plans of other) companies with limited fracking in Mexico. Namibia is just what the doctor ordered to put them on a significant map upswing. GLTA!

Cheers!
PR