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 > Farm In Option

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Comment by amkestrel1961on Jan 30, 2021 4:24pm

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Post# 32429284

RE:Farm In Option

Craig S is the largest shareholder of both corps, owns 9.9 mill+ of recaf with 2.2 mill opt/warrants (see page 10 Of Haywood Nov 5th "Chasing a Giant Oil Resource in Onshore Namibia").
He found the kavango basin, negotiated PEL73 and transfered PEL73 to recaf in return for shares.
Rennaissance is presently cash short and will piggy back recaf to increased value

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Mullen Group's Robust Case for Value, Part 1: Less-than-Truckload