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 > Oil Price

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Post by judomaccaon Mar 07, 2021 4:13pm

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Post# 32739723

Oil Price

Don't get too excited over Oil prices continuing to rally. There was a record build of 21.6 M barrels last week and I see an estimate of 4.5MB again for the next report. If this happens the Oil rally will be snuffed out. pretty quickly. Alsot he drilling riig count is increasing meaning more production is down the line. Demand of course could improve.

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Advancing flagship Ishkõday Gold Project in Ontario