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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 Ebenizer3on Jan 27, 2022 12:33pm
215 Views
Post# 34367091

RE:Pod cast update.. oil $$$$$$

RE:Pod cast update.. oil $$$$$$the risk here isn't that they won't find oil, it's the government. and again according to the government they will make an announcement by 2/04 on Shell's graff-1. Hopefully they announce something positive. As steinke stated offshore discoveries take up to 10 yrs to develop. But all these buzz words, esg, net carbon neutral and so forth are a joke. If ur a company using best business practices that's all any share holder should be concerned with. and as for the mention of jv negotiations that carrot has been hanging for a while. Hope I am wrong bout the government, but if we aren't drilling we aren't exploring. Good day and Good luck
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