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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 Seraphim1on Oct 24, 2022 2:42pm
158 Views
Post# 35044482

RE:The Putin Put coming?

RE:The Putin Put coming?

There won't be a huge oil collapse even if Putin is gone and Russia is no longer under his control. Oil and Gas supply of Europe won't becoming from Russia again for the foreseeable future. The world has learned that Russia can never be trusted, and that toothpaste will never go back in the tube. 

Besides the price of oil is now the same as prior to Russian invasion of Ukraine, so we are reflecting fundamentals and not the Russian political situation.





pacer001 wrote: The wires are full of stories about Putin's declining health and now rebellions spreading in the conscript military ranks. The fear is that his replacement will be worse than him but let's remember the old time hardliners tried a coup in 1991 and failed. I think they may try again but will also fail.

This is yet another reason Recaf needs to move and move faster. If there is a new friendly regime to come in Russia oil and gas will flow heavy and fast resulting in a huge oil price collapse.

 

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