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Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF

Energy Metals & Mining Oil & Gas E&P Industrial Metals & Minerals
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... see more

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > JOA Relevance - opinions?
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Post by SirRichard1987 on Jun 14, 2021 3:56pm

JOA Relevance - opinions?

What's this JOA potentiality? Seems to dilute Recon's holding rights. SP went up today, though.
https://finance.yahoo.com/news/namcor-reconafrica-sign-joa-partnership-040100841.html
Comment by derpa on Jun 14, 2021 4:20pm
It doesn't dilute Recon's share. It is a formalization of what the esploration agreement into the next stage - development. A bit of confidence by Namibia into what has been already agreed. Plus most likely some further technical terms which we might not find out about. All good.
Reconnaissance Energy (Africa) Ltd
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