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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | V.RECO.WT | RCNWF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest Botswana over the Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (km2) (6.3 million acres) of oil and/or gas exploration properties comprising Blocks 1719, 1720, 1721, 1819, 1820 and 1821 situated in the Kavango Basin of northeast Namibia (the Namibia Licensed Property) and approximately 7,592 km2 (1.88 million acres) in Botswana (the Botswana Licensed Property). The two licenses together comprise over 32,933 km2 (8 million acres).


TSXV:RECO - Post by User

Post by CammerRecon Aug 13, 2021 1:02pm
174 Views
Post# 33701238

Can we be the next Uganda?

Can we be the next Uganda?Uganda was a basket case. Remember the despotic dictator Ida Aman?

Well it seems to have turned around and is doing well - thanks to its oil industry developing so well - including the worlds longest electrically heated pipeline (nor sure about why in Africa a pipeline would have to be heated; maybe to keep the oil moving faster?).

Ok maybe they are not as big as Libya or Nigeria but still doing quite well I am sure and their investors happy.

See the excellent article in OilPrice.com on this.
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