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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).


TSXV:RECO - Post by User

Comment by investor55xon Apr 24, 2021 6:40am
377 Views
Post# 33060919

RE:RE:RE:RE:Updated Investor Presentation

RE:RE:RE:RE:Updated Investor PresentationYes, that's my only concern: that they will dilute well beyond 200 million shares. Because many very good companies with good assets became less attractive due to the subsequent strong dilution, because after a discovery, shareholder value was no longer so important for these companies. I therefore hope that RECO will do better in this regard, e.g. through farmouts or JV. Shareholder value is what matters! So far, I really like this company and what they do.
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