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 > Buy in Five Percent Kavango Licence

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Post by Oregonduckon Feb 15, 2022 10:54am

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Post# 34429892

Buy in Five Percent Kavango Licence

Totally horseshit.

Who would want to buy "A pig in the Poke" ?? Some unknown Japanese co with an office in Tokyo??

Very suspicious deal.

The Canaccord deal could be in trouble. Why the formerly "Sell-side" firm Haywood who got their wealth clients loaded up with $9.50 placement, and putting out the latest target price of $16.00, not interested in doing this financing ??

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