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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 Flintstone60on Jun 13, 2021 4:05am
471 Views
Post# 33378900

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:shorts are stubborn

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:shorts are stubborn
Yes, I agree you.TurnTotheright, at 32, apparently knows his way around the oil business, but not the stock market. I am in my 60s and have been successful in the stock market for over 40 years and know, for example, it is absolutely not a matter of production quantities and the start of production, as this is only the second step. The first step is the proof of conventionally recoverable oil/gas and a first estimation of what might be there in this first sub-basin. When this is published, possibly even before via leaks, the price may explode. This is how the stock market has always worked and will always work.
 
 
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