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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

Post by pacer001on Aug 06, 2022 2:48pm
338 Views
Post# 34876485

Good for us bad for the Russians in Namibia!

Good for us bad for the Russians in Namibia!

Decades ago the Russians and their Cuban puppets were big in this area of Africa tormenting revolution. But until recently their presence was on a down trend. Then they started off shore oil exploration and uranium mining and messing with the locals.

Low and behold they are now the on the environmentalists radar screen big time and getting a lot of heat - richly deserved. Unlike the Chinese who fight with checkbooks and dollars the Russians have a tendency to use guns and bullets in Africa; particularly through their Wagner group in the Congo. 

"Headspring Investments is a subsidiary of Uranium One, which is a subsidiary of Rosatom, a Russian state-owned uranium exploration, mining, and processing company."
 

 

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