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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 g197040on Jun 25, 2021 12:29pm
403 Views
Post# 33450786

Cutting my position

Cutting my positionBeen long since about .50 but this contant barrage of negative opinions and articles has me worried.  In today's climate, they're taking on the environmentals and the climate change groups.  Even though I think they may have found billions of barrells, I'm not sure they'll every be able to produce it.   They sure won't be able to produce it conventially   I may get back in and accpet that I'll have given up some money in the process.   But at this point, I'm taking some profits.  
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