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 > DEATH BY A THOUSAND CUTS - INVESTOPEDiA

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Comment by Ebenizer3on Apr 22, 2021 6:19pm

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Post# 33052480

RE:RE:RE:RE:RE:RE:RE:RE:DEATH BY A THOUSAND CUTS - INVESTOPEDiA

so how bout this throw the roe deal in the trash since people are worried bout dilution and let steinke and roe find there owe interested party to sale or partner with. Reco ends up with a paltry 7.4 mil acres. 1.1 mil acre is enough to make a nice enterprise. By the time reco gets around to botswana that 1.1 mil ac. will be worth 10,000 an ac. or around $25-30 a share for roe. I ain't greedy. the #'s are estimated. Good evening

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