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 > Next major NR?

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Comment by Seraphim1on Jan 16, 2021 5:12pm

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Post# 32314057

RE:RE:RE:Next major NR?

Chas15 wrote: If there's a major finding they will have to release news so the market can have the same opportunity as insiders. I reckon it won't be tight lipped over there. I can't imagine the venture would let it get over $10 without some sort of news release from the company either stating major findings or no material change.

'The company stated earlier that they will not release any news until all 3 holes are complete. They are working under the laws of the jurisdiction where they are drilling and apparently they need not release any material news.

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