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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 Yo_Dogon Oct 20, 2022 6:37pm
218 Views
Post# 35037697

RE:No News

RE:No NewsCanna
They do not answer investor emails or calls, so we are in the dark. The hole is tight status. It is not known if the results will be released on this well before they drill the next one or after the next is completed and tested. I'm guessing they should be off this initial well now, unless there were issues. We don't even know what kind of tests they are doing. 

They will need to raise money before they go on to the third well, based on some preliminary observations of the burn rate that were posted here a month ago, or thereabouts. 

IMO, the next hit of anything will come from a reco representative in the unoffical news wire system, such as newspaper article, comments on a video, etc as has happened on a number of occassions in the last while.
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