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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

Comment by Wynjoeon Sep 06, 2022 10:20am
219 Views
Post# 34943780

RE:RE:RE:RE:News today!!

RE:RE:RE:RE:News today!!I'm not a reco hater,I'm hoping for a huge oil strike,but don't hide your head in the sand. Recession woes alone may sink this stock.Never fall in love with any stock and waiting another 2 months for news on second well will be detrimental to s/p. On top of this there's class action lawsuits and environmental issues to contend with while fighting dropping oil prices. MAJOR SELL!!!!
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