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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 28, 2022 2:55pm
206 Views
Post# 34372627

RE:We thank the crazies...

RE:We thank the crazies...

Wynjoe, you are so wrong! All this talk about wind, etc replacing fossil fuels is just that: whistling in the wind! 

The world, especially the developing world is desperate for energy, since alternatives can not in the foreseeable future begin to meet the growing demands.

Example: I play the natural gas futures and yesterday that gas went up 72% in a few hours. The prices of natural gas in transport overseas has gone nuts as cargoes that hedge funds bought for $20 million a few weeks ago went for a $120 million because wind has failed so badly in Europe and businesses have to close and folks are freezing because they can't pay several times what they paid last year.

Nope oil can only go up, up, and up!
 

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