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 > Why I hold Recaf

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Comment by Ryjo1980on Nov 09, 2021 3:40pm

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Post# 34106436

RE:RE:RE:RE:RE:RE:RE:Why I hold Recaf

fair question..... Investors like us or anyone who needs oil. My question is .... how can u not strike easy to access oil when offshore is much more dangerous, costly. Nevermind the fact that the ocean has enough oil seeps without us poking holes into it. Not to mention the likely hood of large accident or spills is far greater off shore. Easier to patrol on land for any spills and the extra activity will make it hard for poachers. Drill baby drill.

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