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).

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Reconnaissance Energy (Africa) Ltd > More good news for oil ... wind winding down!

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Post by pacer001on Aug 02, 2022 2:33pm

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Post# 34866350

More good news for oil ... wind winding down!

The world is finally waking up to the folly of wind energy. In addition to oil power plants being fired up again the wind folks are winding down.

In addition to the world leader in windmills, Aarhus, Denmark based Vestas, cutting back on production and having huge staff layoffs, we now have the below.

'One of the largest wind turbine producers globally, Siemens Gamesa (BME:SGRE) is considering cutting some 10% of its current workforce or 2,500 jobs, on the back of yet another 2022 guidance decrease. '

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