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 > Nat Gas Going Higher

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Comment by pacer001on May 20, 2022 4:22pm

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Post# 34699455

RE:Nat Gas Going Higher

I disagree with Zack 50.

I am moving to short positions in US nat gas because inventories are rising ast a nice consistent 5% increase week-over-week even with a lot being shipped overseas.

Everyone seems to forget that we are in the nat gas inventory build cycle and that production can and is being rapidly being built up here in NA.

I see a big bubble in nat gas building that with peace in Ukraine and Russian gas stil flowing could pop and the price easily halved. Just watch KOLD to see.

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Rig Count Soars as Utilization Surpasses Industry Averages