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 Nov 05, 2021 3:19pm

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Post# 34093691

A BILLION dollar market cap for Recaf is ....

... within reach. We are at 911 million and moving up nicely.

I bet we start getting some buyout nibbles soon and maybe even next week at the AfricaOil week conference.

I think the Saudi's might be interested in that South Africa gets half their oil from them and the other half from Nigeria and Angola and is oil/energy hungry.

For a few billion, double or triple our current price, it might easily pay for them to not take any chances on a big find so close to a major market of theirs. And it would be peanuts for them in that one of their major oil operations, Armco, clears TEN billion a month in PROFIT alone!

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