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 > Why only drilled to 6, 858 feet down?

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Comment by Wynjoeon Aug 31, 2022 8:43am

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Post# 34931818

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Why only drilled to 6, 858 feet down?

Very informative and it's nice to see knowledgeable postings.I am certain oil will be discovered in this basin,however,if investors are willing to sell into panic and shares drop to extremely cheap entry points,It is my belief to fan the flames and use a system that has been in place since markets inception. All these chatrooms are similar, you have pumpers and bashers and the odd post that actually contributes something,like yours,but it won't matter,investors don't worry about truth, they or we,lol, are sheep.

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