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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 Wynjoeon Oct 27, 2022 8:09am
153 Views
Post# 35052382

RE:RE:Extension of warrants ...

RE:RE:Extension of warrants ...It's more then that, s/p has dropped substantially in the past year, reco has spent many millions drilling water wells (this costs time and money),all while trying to find oil and having to appease an insatiable and poor country is not cheap. Environmentalists will bedevil this company upon any significant discovery and again the class action lawsuit may even prove insurmountable. The next placement, (and it's coming),will dilute existing shareholders and will have to be issued cheap to attract any further interest. MAJOR SELL SELL SELL!!!
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