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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

Post by Wynjoeon Feb 23, 2022 10:09am
338 Views
Post# 34453514

I'm changing sides, BUY RECO!!!!

I'm changing sides, BUY RECO!!!!With funding already in place to drill producing wells,the seismic data appears overwhelming that oil will be struck in this basin.Cannacord will come through with bought deal at $6.30 and with drilling sites established positive drill results should be in no later then spring.This action brought against reco is frivolous at best and will only prove to be a catalyst for s/p when dropped.Reco is an extremely strong buy and hold at this stage and $6.30 s/p should happen within days of Cannacord finalizing bought deal.BUY NOW AT THE LOW!!!!!
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