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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 Ebenizer3on Nov 01, 2021 12:34pm
214 Views
Post# 34073557

RE:Why we are dipping ...

RE:Why we are dipping ...the usual, the short/distort crowd using the no drilling till 2022 to there advantage trying to close there position. And really seismic news and new well locations aren't going to help the sp. My guess is if the new well locations aren't expedited might be 2nd quarter before #3 gets spudded. Namcor needs to step up. And if there is talk with JV partners, we should be getting the same info. Barring an announcement of a discovery the sp and the shareholders are just rag dolls.
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