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 8:13pm

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Post# 32314354

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

uptherecazaly wrote: True I saw that as well , so thinking results in may or there abouts, wondering if it worth topping up on more shares, as looks promising , any thoughts off what share price could be if it a bonanza just curious as to what people think or estimate if they strike it rich, I see enough money to cover all drilling etc , so no capital raise in distant future

there are too many if's. But should the whole basin prove to be a bonanza, sky is the limit. Anyone with 10k shares will be a multi millionaire providing the company doesn't sell out

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