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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.


TSXV:RECO - Post by User

Post by pacer001on Jul 21, 2023 2:47pm
139 Views
Post# 35551977

Is Neil for real or just another Recaf gimmick?

Is Neil for real or just another Recaf gimmick?

Good catch rock trader, thanks for this important info.

Mr. Neil Steinberger, supposedly now Recaf's director of drilling, etc. is a very interesting fellow to say the least. He has overcome many personal and business challenges. His radical theories and new approaches to very profitable fraking were widely scoffed at in the beginning by oil industry experts and never were appreciated early on like a lot of other great inventors.

However it is not clear how his great talent  and enterprise will find a vehicle in Recaf. It supposedly can't frac by Namibian law and is doubtful Namibian geology even lends itself to fraking. Fraking has been extensively tried in many places around the world, notably Poland, with pitiful results.

So the big question for us investors is this: is Neil's involvement with Recaf for real or just another ploy by Recaf to boost its very troubled stock? 


 

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