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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 Jan 07, 2022 3:39pm
203 Views
Post# 34294387

RE:RE:Any Bets on When the Rig Moves or Spuds 3rd Well

RE:RE:Any Bets on When the Rig Moves or Spuds 3rd WellI would not put Africa in the same basket as we are. They are hardy people that have been tempered by unending challeges; plus they really / need/want the money!

As to people in the US not wanting to work, right you are. They are making so much money off these outlandish government handouts that it does not pay for them to work. Where I live in the South we are basically around $20 an hour for unskilled labor that was like $12 an hour before this nonsense started. But again Africa is not like the US and people there have to work to live. So I would not be too concerned about labour and working in Namibia.

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