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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

Post by CammerRecon Oct 26, 2021 2:03pm
270 Views
Post# 34051280

More vultures circling- don’t get sucked in!

More vultures circling- don’t get sucked in!Now It is 

Faruqi & Faruqi.

I can only speak as to my experiences, but over the years I got sucked in to these "class action". After spending countless hours on paperwork and years I got just a few crappy dollars. About half the folks that file will move on, die, or just give up. The lawyers then get to keep all the unclaimed money which for several thousand stockholders can amount to a nice bonanza. Plus the lawyers and courts get nice juicy fees along the way over many years. In short I think it is a racket. So the only real winners are the lawyers and courts. Something to think about!
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