Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): V.RECO.W.A | RECWF | 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.

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Reconnaissance Energy (Africa) Ltd > borrow rates

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Comment by pacer001on May 24, 2023 5:46pm

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Post# 35462677

RE:borrow rates

The banks are in really bad shape so it is no surprise they are jacking up rates. But as they jack the rates up things only get worse. They are shooting themselves in the foot!

Last night I was watching a tv show where a guy needed to pull his savings for his kid's critically needed operation and his bank would only give him $10,000. I thought all bank accounts were insured to $100,000?

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle