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 > Any idea what this means?

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Comment by Yolostaron Jul 13, 2021 9:01am

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RE:RE:Any idea what this means?

...although i agree that many retail shareholders don't vote when called upon, i don't believe there is a minimum number of voters required ( unless i missed something in the fine print ). It is clearly stated that for the transaction to go through, 66.6 % of the vote by proxy or in person at the meeting is needed, but there is no mention of minimum amount of voters required. Also, the deadline for petition is extended to 4pm (7pm eastern time), but i believe the general meeting is still 10 am....please correct me if I'm wrong on one of these two points....

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