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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

Comment by Ebenizer3on Apr 20, 2021 10:03am
227 Views
Post# 33028351

RE:RE:RE:RE:RE:WE KNOW WHY ALLEN, VP IR AND BIG RECO S/HAREHOLDER LEFT -

RE:RE:RE:RE:RE:WE KNOW WHY ALLEN, VP IR AND BIG RECO S/HAREHOLDER LEFT - well the thing u are missing bout roe's debt is the fact that pemex/amlo/gov hasn't paid roe for the work they performed on amatitlin block when they drilled 17 wells for pemex. As for the kavango who's money paid for the initial purchase of lease along with the magnetic survey the work up by Jarvie and other geologists who made this prospect possible. I think that's Steinke and maybe Telfer. At the time he leased Namibia it was nothing more than a hunch. Seems Steinke and whoever backed him deserve a return on the time and money they spent. As far as roe's option it also Benefited the retail shareholders who without the option roe is practically worthless. Good day
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