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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 Oregonduckon Aug 30, 2022 9:44pm
255 Views
Post# 34931321

Another Dry Well

Another Dry Well

Looks like a duck, waddles like a duck and quacks like a duck - it is a duck and another dry well !!! If they have hit pay zones, they would have broadcast the good news to every wire or business page or internet portal to pump up the stock. More testing on well data in an effort to delay the disappointment. The 8-2 well will likely will be cased and plugged and the Jarvie rig moving on to the next target. Why are Granath and Jarvie remaing mute and not pumping this drilling results? They are supposedly world renowned petrophyicists in the role as the CO's paid experts. The Class Action lawsuit has named some directors and officers as defendants for allegedly perpetuating a fraud on the market.

The stock price will likely crater tomorrow morning. You can bet on it.


 

 

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