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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | RCNWF | V.RECO.WT

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 pacer001on Jul 28, 2022 10:19am
159 Views
Post# 34856772

RE:RE:RE:RE:More worrisome than any court challenges is ...

RE:RE:RE:RE:More worrisome than any court challenges is ...

No wynjoe I am not worried; all the things you mention are just background noise. As with any company there are challenges and more so with African ones.

i have been investing in South African mines (SBSW my big one) for over 12 years and the ups and downs have been dramatic. Example: necklacing where non-striking workers had a gas soaked tire put around them and set on fire! And yet they have survived and prospered and I have made and will make money. So some nonsense like you mention does not scare me. 

In the end, this oil will flow and all this will be forgotten. Go Recaf!

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