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 > re==RECAF===February 17–18, 2021$$$$$$$$$$$$4

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Comment by GorgeousGeorge1on Jan 30, 2021 1:03pm

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Post# 32428597

RE:RE:re==RECAF===February 17–18, 2021$$$$$$$$$$$$4

Demand growth in oil is set to continue for the next couple of decades, as estimated by the IEA. Majors divesting into renewables and cutting exploration and development is going to create a supply crunch. Biden killing US shale, so they won't be able to fill the void. Global population growth. Declining Arab legacy fields. Many are just waking up to this. It's ironic that during the green transition one of the best sectors to invest in is going to be oil and gas

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