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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | V.RECO.WT | RCNWF

Energy Metals & Mining Oil & Gas E&P Industrial Metals & Minerals
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 > Consultant
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Comment by Bpultraon Jul 14, 2021 2:26pm
206 Views
Post# 33543324

RE:RE:RE:Consultant

RE:RE:RE:Consultant
Oildog wrote:
Seraphim1 wrote:
Oildog wrote: Is willing to spend 9 million $ for 800000 shares. This is quite telling if your listening. So instead of submiting a bill to RECO for payment they agree to spend 9 million and get paid later.  What could they possibly know. 

Did I missed something? Did RECO ever say that the options were granted in lieu of pay or delayed payment to a consultant or are you just making this up?

No you did not miss anything. It was clearly just my speculation on what could be happening. But when you stop and THINK about it. Would RECO give this type of offer to someone that has done nothing for them. 

==============
yes its done all the time ... the insiders grant themselves warrants ... and sometimes for nothing... CPG is a prime example of this 
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