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 > Look at the big picture

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Comment by stiffupperlipon Apr 13, 2021 3:47pm

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Post# 32986913

RE:RE:RE:RE:RE:RE:RE:RE:RE:Look at the big picture

Looks like the first 2 wells will be drilled off an aeromag survey. Is that a responsible use of shareholder capital? Aeromags are used to highgrade areas for a 2 D to be placed. You need a 'structure' - otherwise called a prospect first. This is a drilling blind operaton and no wonder the first well was dry and so will the second. A $ 3+ stock is an expensive stock and all the company has is liablity to pay for. Stiff can't figure this one out.

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