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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 Shirs1on Jun 24, 2021 9:43pm
279 Views
Post# 33448878

BS

BSThere is so much BS traded on this bullboard. Everyone qualifies their first statement with 'I'm not an expert'. So from one how does know the oil and gas industry here is my take. If you have hydrocarbon shows at these depths and you own acces to the acreage that recon do then you will find productive volumes. Opening a new play in an existing basin can take 10 or more wells - however what makes companies invest in that even in deep water ($100m per well) is that they see what recon see here. Give these guys 10 wells and this is a $10bn market cap company all day long. 
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