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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 pacer001on May 19, 2023 3:50pm
103 Views
Post# 35457075

RE:anyone else glad pacer took a loss?

RE:anyone else glad pacer took a loss?Peter Pan here has been partaking too much of his fairy dust. Reality is that Recaf is a dead elephant and nothing will bring it back to life.

Even if they blundered on to the "find of the Century" financing will not be available because the environmentalists have scarred the money folk off. Just read OP and the numerous stories on this. Oil exploration is dead except for a few proven places!
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