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 > I wonder how this will effect RECO - IEA says no new oil

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Comment by Buyhigheatchipson May 18, 2021 9:58am

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Post# 33221303

RE:RE:I wonder how this will effect RECO - IEA says no new oil

No new oil under their Net Zero Scenario to clarify.

Can the scenario be realized? The changes to the global energy system/economy required would be unprecedented and would require all major industrial/industrializing nations to be on the same page. We'll know soon enough bc governments have zero time if they want to pursue this.

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