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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).


TSXV:RECO - Post by User

Comment by Cancundudeon Jan 15, 2021 5:27pm
456 Views
Post# 32311570

RE:Crazy price

RE:Crazy priceIf it's hydrocarbon rich cores they are pulling up it would easy for a child to see the oil floating on the top of the capture tank. No doubt the geologists on the ground and even the drill crew will see signs of oil and that info will leak for sure. It's Africa and good news spreads fast and the local oil company partner will be buying up what they can. My only concern is if the ground was over heated and the oil was cooked down to gasses. Either way this is going to be a fun trade and exciting to watch. 
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