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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 TurnToTheRighton Jul 06, 2021 6:32pm
230 Views
Post# 33503247

RE:RE:RE:RE:MASSIVE HYDROCARBONS IN PLACE - shorts are done.....

RE:RE:RE:RE:MASSIVE HYDROCARBONS IN PLACE - shorts are done.....

That's an excellent point, and I completely agree that the tight licence pertains to the technical data (logs, cores, tour sheets). Do you think that there is a possibility that RECO could make a successful argument that disclosing the information ahead of JV discussions would be prejudicial and therefore warrant a confidentiality exception? 

Also, how does the venture exchange deal with the immense amount of speculation, where almost anything can qualify as material. Does the venture not have different rules than the big board, I mean don't you require reserve validation from a third party in order to graduate to the TSX from the venture?

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