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 > How much worse can it get?

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Comment by Fastvinnyon Nov 09, 2021 4:33pm

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Post# 34106781

RE:How much worse can it get?

I doubt this will be put into law in the US , the GOP would squash anything that involves diminishing oil companies and near term . At the moment this is all talk and there will be major push back .

i have a lot of green shares , Aqn , INE , NOU , Plan , Gdnp ETC...those will be great in a few years.

In the meantime i've buying RECO and increasing my Suncor position .

I will dump my oil plays once it's written that oil and gas is done , that's years away.

as for RECO , I will give it some time , if they do have a killer oil field this is a 10 - 15 bagger minimum ..they might also be bought off ...high risk but very high reward

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