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 > So

<< Previous

Bullboard Posts

Next >>

Comment by TurnToTheRighton Jun 15, 2021 10:18pm

436 Views

Post# 33393650

RE:RE:RE:RE:RE:So

Absolutely, I think RECO can reach the levels of a Pioneer or Continental with the right JV partners developing the basins along with RECO. Personally, I think Pioneer would be a good analogous company to compare RECO to in a few years, specifically once production gets ramped up.

<< Previous

Bullboard Posts

Next >>

@ the Bell: TSX advances to start off Christmas trading week