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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 Feb 15, 2022 2:58pm
165 Views
Post# 34431113

RE:Class action lawsuits and no proven oil....

RE:Class action lawsuits and no proven oil....

Wyn, what is wrong with you? This is not a Shell and Recaf never said they were. Exploration is a risky expensive business as we long timers have known. 

Recaf must be looked at as a lottery ticket with the chance for a really big playoff. Most investors here know and understand that and only have "fun money" in Recaf. So if you think you will scare us off you are sadly mistaken.

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