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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 31, 2022 3:12pm
335 Views
Post# 34863263

Another good sign - more beefing up of security forces

Another good sign - more beefing up of security forces

The intelligence community uses a form of intelligence gathering referred to as "mosaic". They study and take seemingly insignificant news pieces by themselves and collect them to form a picture of what is really happening - like a mosaic. This is what is happening now in Namibia.

The government just announced a huge new police hq in the area where we are drilling. If there is no oil why build and staff something like this in a remote area when police resources are badly needed in developed areas?

In addition, the army has announced a major recruiting effort ( this area of Africa is peaceful ) for thousands of new soldiers. Also we have the buildup of rails, highways, and the port in addition to the Chinese all over. They just built a new military college for the Namibians and have advisers all over the place.

All these things individually by themselves don't seem to mean much but you weave them into a mosaic they all strongly point to the government preparing for BIG OIL and the development and challenges it all will present.




 

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