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 pacer001on Dec 16, 2021 3:08pm

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Post# 34238068

The latest news on what the Saudi’s plan to ...

... invest in. Per an OP story 121521; they now want to, get this, focus on mining development versus oil.

I was thinking they would be a prime candidate to buy Recaf at a nice price to keep Namibian oil from being developed to sell to the neighboring South Africa market which they have already lost 50% of to the Nigerians.

No they want to move into mining, lithium? So bad for my Recaf holdings but maybe good for my lithium holding?

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