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

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Post by CammerRecon Oct 20, 2021 5:57pm

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Post# 34029634

Good for Recaf? Or Not?

As you may have read BIG oil is under big pressure from the radical environmentalists who want oil exploration and development stopped. First it was BP, then others, and today Exxon.

My take, our oil can only go up in value as they curtail exploration - assuming we find a "non-comprised" partner with the vision and deep pockets necessary to monetize our resources.

The latest, 102021, from OP:

"Exxon may be on the cusp of making fundamental changes as well as the oil and gas major is considering whether or not to shutter "several major oil and gas projects", according to a new report from the Wall Street Journal. "

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