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

Reconnaissance Energy (Africa) Ltd > The Burritos Connection

<< Previous

Bullboard Posts

Next >>

Comment by Luckboxxon Feb 20, 2022 12:33pm

166 Views

Post# 34446323

RE:The Burritos Connection

Nice try, but Mexico is meaningless since the assets are within its Mexican subsidiary. Actually, PEMEX owes RECO-Lukoil-Maersk 45 million for the new 17 Amatitlan holes of which PEMEX can be sued for at anytime. Mexico has not approved a single new foreign company onshore well since AMLO was elected which is why the work program is unfulfilled. RECO cannot fulfill its agreements if AMLO-CNH block new drilling. AMLO-PEMEX-CNH will not do anything or they will be sued for breach of multiple contracts.....in the meantime RECO continues to hold back from paying the Chiapas royalties

<< Previous

Bullboard Posts

Next >>

Quantum eMotion leaps by 20 per cent after Becton Dickinson deal