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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

Post by drunk@noonon Jun 17, 2021 11:02am
441 Views
Post# 33401826

CNOOC not Chevron. The BS environmental storm will

CNOOC not Chevron. The BS environmental storm willprevent any of the big corps from becoming involved. They are now beholden to the bespoke hypocrate orgs. I have gone through this decades ago with Petrokazakhstan. The crooks who run the country wanted to steal the company so they wiped up all this BS about them stealling the resources of the country. Instead of getting taken completely to the cleaners Petrokazakhstand sold out to the chinese, at a bargin, but nevertheless a good enough price to make me some money.
China is active with all resources in aftrica so they would be an ideal partner/possible buyer of the company for close to market value.
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