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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 ygdrasilon Mar 12, 2022 9:05pm
165 Views
Post# 34509584

RE:Electric cars to run-really cheaper?

RE:Electric cars to run-really cheaper?Not every region is the same. Where you live seems to be very different from where I live, Montreal.

Here, there are charging stations in the parking lots of supermarkets, shopping malls, and theaters, where you can recharge for FREE. Charging stations in street parking cost a couple dollars per charge. Meanwhile, refueling the SUV this weekend cost me $105. 

Europe's gas prices are even higher than they are here, sometimes twice as high. And most people recharge their cars at home overnight, which is the low time for energy demand. This allows them to take advantage of lower elecricity prices. 

And finally, no one I know drives anywhere close to 2,000 miles per month. So there are many places in the world where an EV makes a lot more sense than where you live.

pacer001 wrote: I think once it sinks in that with more cars going electric and the need for more generating plants; they are not the big bargain they seem to be now.

From a recent study:
"$38.50 for a Model Y Long Range AWD to drive 1,000 miles per month. Voila!"

Most people drive about 2,000 miles per month. So ball parking it: a gas car that requires two fill ups a month at $50 per will cost $100 to fuel versus,let's round up, $80 for the electric. So to save $20 per month you gotta have a charging station, find one, have hassle, etc. Plus the darn things are much more prone to blowing up on you or running you into a collision!

No folks, oil will be around for a long time and Recaf oil will only grow more valuable!


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