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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 rexdunxon Dec 19, 2022 11:18am
300 Views
Post# 35179675

A new page?

A new page?Despite the rhetoric on this board there is potential significant upside to this stock that may be based around published intentions to explore the Damara fold, and of course the yocoming 5-1 drilo and 6-2 sidetrack. .  The company is proceeding slowly and it is not inconceivable that investors and company want to see a 4th line of seismic and eFTG survey before drilling.  To drill 5-1now without this extra data doesn't really make sense when the delay may only be a three weeks ect.  
Cheers to the longs and new investors.  Good luck
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