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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 pacer001on Jul 26, 2022 3:10pm
252 Views
Post# 34851821

My take: it is already known this is a BIG find

My take: it is already known this is a BIG findAs evidenced by the activity starting and going on that would be in keeping with a big find.

Example: when Disney decided to open in Orlando decades ago they kept it quiet in order to buy up surrounding land and properties.

Likewise we are seeing a heck of a lot of high activity in Namibia that would only make sense in there was to be a huge oil find. Examples: the Chinese coming in big time to modernize and secure their port, the Army starting to be beefed up dramatically, highways and railroads being enhanced greatly, etc. 

So my take is that it is known by insiders that this find is real and they want to get in on the bottom floor before this all takes off big time!
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