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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

Comment by Wynjoeon Jul 24, 2022 5:02pm
176 Views
Post# 34846633

RE:The flip flop side....

RE:The flip flop side....Rwanda and Uganda allow gorillas to eat their own crops to encourage tourism. Namibia oil developers don't stand a chance when environmental groups sink their teeth into the Kalahari desert and the protection of the countless endangered species and animals located there. Big oil will never be interested in reco before pipeline and/or road infrastructure is completed and this will NEVER HAPPEN!!!!! Namibia goverment officials are only now seeing the pressure that these tree huggers are capable of. Sell now while the sellings good, it's all downhill from here.Class actions and court injunctions will seal the rest of reco's fate.We came close to crashing Friday when $4.30 was nearly breached,its coming......
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