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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

Comment by pacer001on Dec 01, 2021 1:58pm
248 Views
Post# 34186123

RE:Chance of JV almost zero

RE:Chance of JV almost zero

Now as to Deutsche Bank, I so happen to know a thing about the Trumps and their relationship with them.

It is no secret that real estate developers have their ups and downs and their lenders too. 

The big problem with Deutsche Bank is they got sloppy with their underwriting and had some very troubled people running things - one even committed suicide.

The main trouble with Trump and DB centered on his Trump Tower project in Chicago. His daughter, Ivanka, was project manager and even though an exceptionally bright, witty, and engaging young lady took on something that would have taxed a seasoned large complex project manager-pouring tensiled concrete on a plate based high rise with a very limited footprint in a harsh cold environment. I think she did an exceptional job in getting an almost impossible job done but it did have massive unforeseen budget overruns mainly centered on so many concrete loads going bad because they could not get the concrete to the building site in time. So DB has to bail them out for like a billion more than anticipated.

Now what does this all have to do with Recaf and Africa? Nothing as far as I know the Trumps have never been involved in oil and certainly not fraking. 

Indeed some nuts years ago proposed fraking in Florida and they along with a hoard of polo player Floridians millionaires  went ballistic at the mere mention of it. 

Again Mr. Duck you have succeeded in mixing oil and water in a convoluted  conocation!
 

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