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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 deepoil0808on Aug 09, 2021 11:53am
246 Views
Post# 33671933

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

RE:RE:CORE DATA - not released (Is it due to poor data?)The core lab data from third parties was critical as it would have independent verification.   

The company promised the release of this third party independently verified core lab data in July and now it is hidden from us under the pretext that the data belongs to Nambia.

Why would Nambia hold back  great results if they are the main beneficiary?   Great data would attractive oil majors to spend money on your land.   It is self-defeating purpose to hold back great data. 

You only hold back core lab data if it is poor and does not suit your interests. 

That is my conclusion and if the company wishes to prove me wrong, then release the core lab data.   I am almost certain that they will not. 

This is my view of this. 



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