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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 Liquidtradeon Jun 21, 2021 4:18pm
237 Views
Post# 33421877

RE:RE:Catalysts

RE:RE:CatalystsYup!

And  the uplist/the uplist to the big board itself will happen once RECO has their reserves proven by a third party. All in good time and won't be as long as people think.

This team is moving fast and rightfully so. Price of oil is clibing and will continue into the near future; entering a long awaited bull cycle for possibly the next 3-5 years given how production around the world is slowing, Western govs being Ghey about no new drilling...now new big oil pools being drilled/explored (except for this gem) in a long time.

The demand for oil is rock hard, boner grabbing strong...the supply is super weak.

Iran is still off the market and their production will not be coming back anytime soon as well.

It's time for Africa!
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