Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): RECAF | V.RECO.WT

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

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Post by Hiddensecretson May 28, 2021 12:37am

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Post# 33284202

NAMBIA press release - Defends RECO - SHORTS in big panic

Beautiful press release from Nambia governor. We are gonna fry the shorts for supper.

Kavango East Governor Supports ReconAfrica

The Governor of Kavango East is aware of recent media reports attempting to discredit ReconAfrica and their work in our region. ReconAfrica has, since the time of starting operations in Namibia, proven that they are a reputable and trustworthy company that respects, adheres and complies with all laws of our country and works in respectful collaboration with our communities.

I believe that the recent article in the National Geographic, describing a complaint to the SEC purported to have been filed on May 5, 2021, does not reflect the integrity and business practices of ReconAfrica and its operations in our region, Kavango East. In all of ReconAfrica's dealings with our office, local and traditional authorities, the company has done everything legally and transparently, respecting all levels of authority and the expectations of our communities.

"We are pleased with ReconAfrica's approach to working closely and in constant consultation with our office, the traditional leadership, local authority and the community.

This is only the beginning stages and we have already started to experience the positive economic and social impact of the project in our regions." Kavango East Governor, Bonifasius Wakudumo said.

ReconAfrica can be applauded for recognizing the Traditional Authorities in the area and, as a first step, seeking and getting approval from the Traditional Authority for land and water use, while working closely and under the approval of the Ministry of Agriculture Water and Land Reform for all water and land matters.

It is up to us, the Namibian people, to determine how the country will develop and manage our natural resources, and we have welcomed their operations.

We continue to be confident in ReconAfrica, for the sustainable development of our natural resources for the benefit of our regions and our country as a whole.

https://ca.finance.yahoo.com/news/kavango-east-governor-supports-reconafrica-040100895.html

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RECO can now sue National Geographic for defamation and libel, for having caused a stock drop based on false allegations and, for putting project into jeopoardy.

A $ 200 million claim should be presented along with PUNITIVE DAMAGES.

mpo