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 > MASSIVE HYDROCARBONS IN PLACE - shorts are done.....

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Comment by TurnToTheRighton Jul 06, 2021 6:32pm

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Post# 33503247

RE:RE:RE:RE:MASSIVE HYDROCARBONS IN PLACE - shorts are done.....

That's an excellent point, and I completely agree that the tight licence pertains to the technical data (logs, cores, tour sheets). Do you think that there is a possibility that RECO could make a successful argument that disclosing the information ahead of JV discussions would be prejudicial and therefore warrant a confidentiality exception?

Also, how does the venture exchange deal with the immense amount of speculation, where almost anything can qualify as material. Does the venture not have different rules than the big board, I mean don't you require reserve validation from a third party in order to graduate to the TSX from the venture?

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From now on, dynaCERT instead of Bitcoin or NVIDIA?