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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

Post by werROBINHOODon Jan 27, 2021 7:29am
392 Views
Post# 32396867

Environmentalists groups...

Environmentalists groups.......in Canada and Africa are starting to make noise. I was reading some of the comments made by the company when talking to the locals and they highlighted many times fracking would never take place and be a possible threat to the ground water. Now every company investors conference or company interview I have listened and read, clearly they have promoted the fracking opportunity available as well as conventional. These kind of discrepancies can really destroy the credibility of the company. 
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