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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 Mar 04, 2022 5:27pm
222 Views
Post# 34485242

RE:Gusher Pressure is Building

RE:Gusher Pressure is Building

Sir Richard, it can't be soon enough for me! We need to "drill baby drill" as someone said as long as oil prices are high. 

My worry is all this talk of the "Putin Put" and him being thrown out and a Western friendly Russian govt taking over. They surly would pump and sell oil with abandonment to make up for lost production and income. Oil would tank.  Yup , a remote possibility but if he continues on his insane path not out of the realm of possibility.

 

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