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

Reconnaissance Energy (Africa) Ltd > shorts are stubborn

<< Previous

Bullboard Posts

Next >>

Comment by allnrgon Jun 12, 2021 9:35pm

256 Views

Post# 33378634

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:shorts are stubborn

29 years now in the drilling industry, last 12 sitting wells for two of the majors in Canada. So seen a little bit I guess. Nothing wrong with keeping grounded in expectations. Yes it will take awhile before there is any huge amounts of oil produced I agree, but that's not the point behind this initial campaign. First establish an active petroleum system over the massive land package. Then prove up comerciality. The Sp will appreciate with each well if they can prove it up! Just wonder on some of your comments on we'll probably not much there and such. Why would you invest if you thought this was the case ?

<< Previous

Bullboard Posts

Next >>

The Market Online’s Weekly Gold Report – Nov. 27, 2024