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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 InvrsContrarianon Jun 17, 2021 3:54pm
319 Views
Post# 33405848

RE:RE:CNOOC not Chevron. The BS environmental storm will

RE:RE:CNOOC not Chevron. The BS environmental storm willNamibia could be used as an entry point and balance mechanism for the good old USA against the Chinese Belt and plunder initiative. Check out this article on African security and the Chinese. Why would Namibia sign away their resources for a leveraged loan from the Chinese when you can get cold hard cash upfront from a big old fashioned oil Barron? " By early 2021, 140 countries worldwide had signed more than 200 BRI cooperation agreements essentially frameworks for Chinese companies to build infrastructure projects such as ports, railways, power stations and telecommunication networks using low-interest Chinese loans to host countries. https://www.washingtonpost.com/politics/2021/04/30/chinas-belt-road-initiative-invests-african-infrastructure-african-military-police-forces/
CammerRec wrote:

You are on the something. A very good  point!


Even though their is some growing backlash in Africa they expanding greatly to "colonize" it just like the old big European countries did previously.



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