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 > My Main Concern/Risk Analysis

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Comment by Frozengoldwaition Jun 14, 2021 2:09am

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Post# 33380304

RE:RE:My Main Concern/Risk Analysis

Thanks Cali, for the civil reply. I wasn't trying to alarm anyone.

Some of the posters may know about markets but how about geography and history.

At this point Angolia is basically a failed state. Not even China will lend money. They trade oil for food. More people die from police/military than covid.

Ask Yemen how things are going with opec ?
How is Ethiopia and Somali making out witth their 80 billion Barrels? War on. Starving people.

These things happen.

All countries have rich and poor, some countries treat their poor better.
Regards
Good news announcement though.

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