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 > CORE DATA - not released (Is it due to poor data?)

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Post by deepoil0808on Aug 09, 2021 11:19am

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Post# 33671726

CORE DATA - not released (Is it due to poor data?)

The critical core data from the lab is not being released, management is now saying that it belongs to Nambia. So this data is available but not being released.

Why would Nambia refuse to release core data?

If data was so bullish, Nambia would want to tell the world as it creates interest and a bidding war for the land and more $$$ coming in, but if the data is poor they may want to hide it.

I am thinking data is poor.