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 > Just wait till November and YE! I am holding.

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Post by CammerRecon Oct 14, 2021 7:02pm

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Post# 34007311

Just wait till November and YE! I am holding.

What I learned from studying investing , and Warren Buffet in particular, is when investing in a company you really are investing in the people. And I think this applies to Recaf has and our CEO Scot Evans, in particular. There is a very competent team in place and Scot is considered a "master negoiter".

We don't have to wait for oil to flow. We all should know by now that we are going to need senior partners for development and they wil invest in us or buy us out in pieces or totally ( not a hint as to who specifically).

Looking into my crystal ball I see Scot meeting some potential partners in November and maybe a deal in December or so. Thus I am holding!

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