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 > multi well drilling in Q1 2022

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Comment by TurnToTheRighton Oct 25, 2021 4:53pm

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Post# 34047075

RE:RE:RE:multi well drilling in Q1 2022

You are aware that peer groups aren't definitively defined by market cap. RECO has little production, therefore they are a junior, regardless of market cap. The majors are vertically integrated international companies. ConocoPhillips for example was no longer considered a major (that was always debatable) when they spun off their downstream assets (Phillips 66) and are now considered an "independent" like Oxy. So yes, RECO is a junior. They are a junior E&P with little production. Who would be their peers, other juniors?

Your knowledge of the oil and gas industry... LOL

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