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 > Got a tiger by the tail

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Post by Oregonduckon Jul 14, 2021 1:01pm

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Post# 33542836

Got a tiger by the tail

The schmuck who is hanging on by the tail for dear life will be eaten alive. Don’t get too greedy.

Never run into a penny oil stock that makes a lot of noise on an empty barrel. Nobody knows what they got - shale oil, heavy oil, nat gas or gas condensates.

The President of Nambia is under investigation for corruption on some fish deal. Fish rots from the head.

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