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 > Russia Cutting Gas to Finland On Saturday

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Comment by pacer001on May 20, 2022 4:01pm

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Post# 34699399

RE:Russia Cutting Gas to Finland On Saturday

The key takeaway from this article is:

"As we previewed earlier, natural gas represents only 5% of Finland's total energy". And they can easily make this up.

If you look deeper and past some of the hysteria, the curtailing of Russian exports is not as bad as it seems.

Everyone and their mother's uncle is working like crazy to build LNG tankers, ports, plants, etc. and Europe is still getting and stockpiling up on Russian energy to a large extent.

I play the nat gas markets in the US and am moving to short positions in that the inventory builds are increasing at a nice 5% clip even with a lot of nat gas being shipped out to Europe. With several months left to winter, and a lot could happen, I see a potential big drop in nat prices here in the US sooner than later.