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 8:03pm

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Post# 32314339

RE:RE:RE:RE:RE:Next major NR?

Chas15 wrote: I understand that, I understand the jurisdiction where they are drilling as well. They however must follow the rules of the exchange which they are trading on. Do you think they are going to let this run to double digits in a month from $2? I don't but I hope they do, I'm not selling till triple digits anyways.

I'm only saying what the company stated...."no NR till all 3 holes are completed". I'm not sure who's laws they must abide by. It would seem though, that if you want to work in a foreign country, you must follow their laws not Canadian ones

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