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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 TeslaPlus1on Jul 27, 2021 8:44am
215 Views
Post# 33609204

RE:RE:RE:RE:great post on reddit

RE:RE:RE:RE:great post on redditWhat you've said is true in the context of shares.  No argument there.   Various sections / elections would provide for a roll-over in cost base of shares.   No tax disposition. in that scenario.    But in the case of crystallized options,  there are NO  roll-over provisions, based on my discussions with my tax advisor.  If you disagree and want to prove  your point - provide a section reference from the Income Tax Act (Canada) that allows for said roll-over. We are all waiting to be enlightened by you.    So nice try spreading FUD, JG. Why don't you go hang out with your friend Frank at Viceroy's HQ.  And btw I AM NOT PROVIDING TAX ADVICE. I AM NOT A TAX ADVISOR.  Noone should be relying on my SA post. lol.
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