Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): RECAF | V.RECO.WT | RCNWF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest Botswana over the Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (km2) (6.3 million acres) of oil and/or gas exploration properties comprising Blocks 1719, 1720, 1721, 1819, 1820 and 1821 situated in the Kavango Basin of northeast Namibia (the Namibia Licensed Property) and approximately 7,592 km2 (1.88 million acres) in Botswana (the Botswana Licensed Property). The two licenses together comprise over 32,933 km2 (8 million acres).

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Reconnaissance Energy (Africa) Ltd > Food for thought......Legacy

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Comment by hipfneron Jan 06, 2021 5:58pm

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Post# 32238575

RE:Food for thought......Legacy

HiHo - That appears to be cut and pasted. What is the source?

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I project that Brent will be $65 by y.e. 2021. It could go as high as $80 in 2022 assuming that the West gets Covid under control. There is not a lot of upside beyond that, China won't pay more and India can't afford it.

With $65 Brent ($70-75 WTI) the US shale finally becomes profitable so several million extra barrels will be available.

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Advancing flagship Ishkõday Gold Project in Ontario