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 > The Putin Put coming?

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Comment by pacer001on Oct 23, 2022 11:02pm

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RE:RE:The Putin Put coming?

Yo-dog we should be getting / have gotten more info by now. The good news is that the Biden Administration has put a defacto support price on oil of about $67; but for how long.

Namibia has stated a goal of 4 years to be producing from its off shore fields and we should be actually producing a lot faster once we get "in gear". We need oil around $60 to be profitable I would guess but if it somehow drops below that the whole viability might be called into question; at least in the short term.

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Advancing flagship Ishkõday Gold Project in Ontario