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 > Catalysts

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Comment by Liquidtradeon Jun 21, 2021 4:18pm

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Post# 33421877

RE:RE:Catalysts

Yup!

And the uplist/the uplist to the big board itself will happen once RECO has their reserves proven by a third party. All in good time and won't be as long as people think.

This team is moving fast and rightfully so. Price of oil is clibing and will continue into the near future; entering a long awaited bull cycle for possibly the next 3-5 years given how production around the world is slowing, Western govs being Ghey about no new drilling...now new big oil pools being drilled/explored (except for this gem) in a long time.

The demand for oil is rock hard, boner grabbing strong...the supply is super weak.

Iran is still off the market and their production will not be coming back anytime soon as well.

It's time for Africa!

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