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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

Post by Wynjoeon May 28, 2022 8:36am
297 Views
Post# 34714142

Reco is a failure...

Reco is a failure...Even forgetting the class action lawsuit, and stock pumping and African governmental issues with having to cover covid vaccine costs and permit problems,I believe reco was set up from the start to allow some early investors to become rich.A stock that goes from pennies to catypult so high ,in such a short time frame...COME ON GIVE ME A BREAK!!!!They have no oil to speak of, they appear to not know what they are doing,and in a land with so many environmental safeguards that need to be adhered to the cost will be astronomical and with only 40 million or so remaining from last placement,I.m.o. its LOOK OUT BELOW!!!MAJOR SELL!!!!
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