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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 28, 2022 8:17pm
163 Views
Post# 34858736

Namibian courts - a real mess

Namibian courts - a real messI have been reading on the Namibian wires how their courts have been screwed up since independence and over 32 years.  The courts and legal systems are a hybrid of colonial, regional, local and tribal systems. Their president has openly condemned it all as a big mess.

Therefore grasshoppers don't expect anything to come of the recent so-called cases against Recaf. They will bounce around in the courts for decades as so many other cases have in Namibia!
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