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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

Comment by Sundownerson Aug 06, 2021 4:11am
311 Views
Post# 33662236

RE:Shallow depth + lack of 3rd party core data is problematic

RE:Shallow depth + lack of 3rd party core data is problematic

By your own admission you are not familiar with oil drilling and neither am I. 


But reading this post it's clear you're twisting in the wind. You've thrown the tea leaves and interpreted them your way...

You can be 100% sure there is a good counter reason for every one of the points you have argued upon...

Nothing has changed and this is an extremely promising oil play which will only play out over the next 5 years, excuse the pun...

Your post also seems to imply RECAF is deliberately hiding bad news. I think that's nonsense. What would be the point?

Sorry HD, but you have just shown yourself to be the typical retail investor shaken out of his shares the very first time the wind appears to blow...

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