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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 27, 2021 1:30pm
177 Views
Post# 34055302

Namibia to establish a sovereign wealth fund?

Namibia to establish a sovereign wealth fund?

... funded by windmill revenue? This story on the wires has more holes in it than a Swiss cheese!

First of all the revenue from these windmills is no where near the income from oil- let alone fund a sovereign wealth fund.

My take they really are talking oil but don't want to admit it in that it would attract Prince Henry and his radical environmentalists. So i see this as positive in that they would not establish a soverign wealth fund if they would not have wealth. So someone knows something! Good for Recaf!

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