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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

Post by pacer001on Oct 25, 2022 11:39am
134 Views
Post# 35046727

A sign of times to come? NEGATIVE energy prices?

A sign of times to come? NEGATIVE energy prices?

Ok this is a remote possibility but nonetheless one. Putin and his hardliners get done in and a "friendly" Russia pumps gas and oil with wild abandonment dropping prices dramatically as supplies increase.

Don't think it could happen? How about good ole Texas nat gas going negative? How about right now? I kid you not. This story on OP ... today!

https://oilprice.com/Energy/Natural-Gas/Texas-Natural-Gas-Prices-Go-Negative.html

 

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