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

Reconnaissance Energy (Africa) Ltd > Our Crown drilling rig

<< Previous

Bullboard Posts

Next >>

Comment by Maxmoeon Jun 30, 2022 6:45pm

179 Views

Post# 34795308

RE:RE:Our Crown drilling rig

Better to find 10 million BO. They'll be more likely to keep it.

ZaPhiCa wrote: The first 4 holes may amount to about 500 mln BO but this find will put us at about $10+ share price.
When we take into consideration the rest of the licence and Botswana, we can easly pass 10billion BO. That is my personal interpretation.
Just imagine the SP then.