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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 Wynjoeon Jul 30, 2022 5:49pm
200 Views
Post# 34862566

RE:Are these quackers paid if and how much Recaf drops?

RE:Are these quackers paid if and how much Recaf drops?"Negative nellies ",I like it.To many on this board is trying to topple this promising oil discovery. Give reco a chance I say. The last equity raise @$6.35 has already paid for our next four wells,so an entry point @ $4.50 is a dream. Our first well is being drilled as we speak and if this first well proves to be a gusher, s/p will skyrocket.The class action has no basis in fact and like our recent win in the Namibia courts, they will have to pay all reco's court costs. The kavango basin has a very high probability of a huge oil find and the Namibia goverment has proven that they want to play ball. This is a major buy at these prices. Do not listen to the naysayers. BUY BUY BUY!!!
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