Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): RECAF | RCNWF | V.RECO.WT

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

Reconnaissance Energy (Africa) Ltd > TSX

<< Previous

Bullboard Posts

Next >>

Comment by hipfneron Mar 02, 2021 8:20am

229 Views

Post# 32693013

RE:TSX

Reco has no reserves or income. It can't be listed on a major exchange until, at least, they have proved the existence of a lot of oil.

It is speculation whether the first three wells will have enough data for them to hire another consultant to update their NI 41-101 with a reserve calculation.

<< Previous

Bullboard Posts

Next >>

A Look into the Future of Chronic Pain Management