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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 Alexberton Jan 18, 2021 6:12pm
497 Views
Post# 32322841

Zoom meeting this afternoon

Zoom meeting this afternoonFirst post on Stockhouse! Thank you all for your insights on Recon. I attended the meeting also this afternoon. That's what I retained also, that the objective was to try and retain the results as long as possible until all drilling is done in order to get maximum leveraged for negociation. It would be very hard for Recon to be able to exploit all there is by itself, therefore aiming for the maximum leverage possible. The challenge is not whether there is oil or not, but to keep the info as long as possible (which will be quite hard since every african now has a cell phone as Doug Allen mentionned). Feel free to correct my infos if I'm wrong. Good luck to all and hope we'll all cheers in Africa in a couple of months.
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