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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 12, 2022 10:08pm
176 Views
Post# 34509631

RE:RE:Electric cars to run-really cheaper?

RE:RE:Electric cars to run-really cheaper?

Interesting, Montreal has a lot of charging stations? I would not have thought so in a cold climate.

I am not saying that Teslas and electric cars don't play a role in pollution and energy conservation but I just can't see them replacing conventional cars; ok maybe 25 to 40% at the outside. 

I do live in a relatively affluent area and we have concentrations of charging stations in like a 30 mile area that we call the 30A  "Bubble" . However the folks I know have more than one vehicle and mainly use their Tesla's as sporty little fun cars for local day-to-day usage. For going anywhere far like to a big city they use their gasoline powered vehicles. It is just to risky to take a chance of battery exhaustion. 

There is an interesting startup that will come out and quickly recharge your depleted carb battery in 20 minutes or so but I think they have a way to go to be practical.

Now as to "free" electricity there really isn't any and eventually Tesla and electric companies will stop subsidizing charging and car battery replacement.

So all I can say is that we will see.

ps
i do hedge my bets on oil and gas a bit by investing in a Nevada lithium mine but it is not core investment.
 

 


 

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