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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 judomaccaon Feb 26, 2021 12:07pm
561 Views
Post# 32671605

Gusher?

Gusher?From the way RECO seemed to stop drilling for a couple of weeks combined with the way they were emphasising environmental care, I suspect they may have run into a gusher and have spent the last couple of weeks cleaning it up. It seems to me there was a poster on this board a couple of weeks ago trying to analize a photo he saw thinking he was seeing oil around the rig. They are taking special care now and drilling slow to the point that they now wont be finished until end of March- a major change from their updates when they started.
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