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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 CammerRecon Aug 27, 2021 1:11pm
201 Views
Post# 33776254

RE:RE:RE:RE:Meanwhile in Canada

RE:RE:RE:RE:Meanwhile in Canada

How and when did we get into the vaccine business? Teslas too? 

Now as you may have gathered I am a capitalist who has made a wee bit of money over the years in oil and natural gas.

Tesla has had a valuation greater than GM which sells MILLIONS of vehicles a year. I don't even think they have sold a million.

These cars have many many issues: exploding batteries, batteries that can't handle hot weather; crazy computers, very poor quality, hard to find repair people, charging stations, etc. 1 out of 3 owners quickly sell their Tesla's and go back to conventional fueled vehicles.

A gas car is like 16 times more efficient than even the best electric on a TOTAL energy basis.

Barring some break through in fusion or something oil will be around for a long time and as the major oil companies go to renewables ops that keep on in oil, like Recaf, will be richly rewarded!

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