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 > China Negotiating With Russsia For Oil

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Comment by pacer001on May 20, 2022 3:52pm

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Post# 34699380

RE:China Negotiating With Russsia For Oil

Great article as usual geezer21.

I should not really be surprised. Coming from a revolutionary background the Chinese are infamous as hoarders who stockpile relentlessly unlike the West that wants to maximize profits and has as little inventory on hand as necessary. Example: in Beijing warehouses they have a BILLION sweaters stockpiled alone.

This massive stockpiling of oil now could lead to depressed prices in the future when it is drawn down and they slow buying on the open markets.

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