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

Reconnaissance Energy (Africa) Ltd > InterOil - Historic Buyout Without Reserves

<< Previous

Bullboard Posts

Next >>

Comment by CammerRecon Sep 27, 2021 2:59pm

268 Views

Post# 33925061

RE:InterOil - Historic Buyout Without Reserves

Thanks turntothe right, excellent points.

Right now we are valued roughly at a billion dollars. Big oil routinely drops a billion or so on exploration that comes up dry and doesn't crack a sweat. So I don't doubt that there is not one of them out there that would take "a flyer" and buy us out. The big question is for how much.

<< Previous

Bullboard Posts

Next >>

How one company is disrupting PoC testing