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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 jimgeorgeon Oct 06, 2022 8:54pm
237 Views
Post# 35011187

RE:RE:RE:Jim George or any other knowledgeable oil guy

RE:RE:RE:Jim George or any other knowledgeable oil guyThat's always a tough question.  The test is whether you think the info you have can materially affect the share price, so if you're not sure you contact market surveillance and discuss it with them.  They may agree that you need to get more data before it is material, or just by knowing you have free oil (without knowing how much, whether it will flow or not, etc) that could move the share price...

Regardless, by not making a press release that says they don't have material info, or market surveillance agrees it's not material yet...
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