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).

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Reconnaissance Energy (Africa) Ltd > Call Me What you Like

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Comment by CoreyBon Mar 07, 2022 3:36pm

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Post# 34492189

RE:RE:RE:RE:Call Me What you Like

How is stating there is oil misleading? There is oil, proven by what has been performed so far. Is it commercially viable? No idea, and they haven't stated as such to this point. Nothing stated by Recon has been misleading, only a few overzealous pumpers and a few more idiots that have zero clue who heard "largest discovery in recent times" and dumped a pile of their money into it without ANY research expecting to hit the instant jackpot, and now because they waited to buy at $12 they are bashing because there is "no oil".
I agree there is no production so this shouldn't move, also shouldn't be $6. Operating companies with production to sell aren't $6.

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