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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 Oregonduckon Aug 30, 2022 9:44pm
290 Views
Post# 34931321

Another Dry Well

Another Dry Well

Looks like a duck, waddles like a duck and quacks like a duck - it is a duck and another dry well !!! If they have hit pay zones, they would have broadcast the good news to every wire or business page or internet portal to pump up the stock. More testing on well data in an effort to delay the disappointment. The 8-2 well will likely will be cased and plugged and the Jarvie rig moving on to the next target. Why are Granath and Jarvie remaing mute and not pumping this drilling results? They are supposedly world renowned petrophyicists in the role as the CO's paid experts. The Class Action lawsuit has named some directors and officers as defendants for allegedly perpetuating a fraud on the market.

The stock price will likely crater tomorrow morning. You can bet on it.


 

 

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