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 > CEO told me..no news until 3 drill program complete

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Comment by calicheon Apr 19, 2021 12:30am

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RE:RE:CEO told me..no news until 3 drill program complete

I would have bet money (and did) that something would leak..

if you recall they said they will release all info after 3 wells barring a leak "and everyone in africa has a cellphone"

they successfully hedged their news and unfortunately those that sold not wanting to "hold the bag" over the summer have no one else and nothing else to blame but their own impatience..

welcome to the market

jungle rules

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