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

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Post by pacer001on Oct 22, 2022 8:39pm

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Post# 35041553

The free market is working!

Not too long ago there was worry that Europe would freeze to death this winter because of the embargo of Russian energy. Well folks the free market came to the rescue as it has so often if left alone.

Now Europe has a surplus of nat gas; at least for the time being. Note I am short nat gas for the time being too and it dropped 7% Friday alone.

From OP:

"Earlier this week, media reported that there were more than 30 LNG tankers idling off the coast of Spain, waiting to unload at one of its regasification terminals"