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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 07, 2022 1:04pm
103 Views
Post# 34491251

RE:RE:RE:Gusher Pressure is Building

RE:RE:RE:Gusher Pressure is BuildingRhertig, "where are they going to get the money?", Russia is a vast resource loaded country and Putin and his gang are sitting, literally on mountains of gold, etc. that could easily be used to finance things. Remember resource poor China is Russia's buddy.

As to Venezuela, this is one of the nuttier things yet. Their oil industry is in shambles and their oil of such poor quality that awhile back Texas had to send them some West Texas Intermediate for them to blend with their very poor quality oil to make some fuel for their hospital powering. I am no expert but even I know this is a poor stupid idea!
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