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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 Aug 03, 2022 10:40pm
323 Views
Post# 34870126

Shocking! Oil reserves barely above minimal

Shocking! Oil reserves barely above minimal

Why we need Recaf.

Even with sales from the US Strategic Reserves ( a very bad mistake in that what do you draw on in a real emergency ) stockpile reserves at the main storage facilities in Cushing Ok are skirting at all time lows - like more then a third down from last year. See below.

'Basic Info. Cushing, OK Crude Oil Stocks is at a current level of 23.54M, up from 22.79M last week and down from 36.71M one year ago. This is a change of 3.30% from last week and -35.88% from one year ago.

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