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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 Oregonduckon Nov 15, 2022 11:06pm
326 Views
Post# 35102017

My first post on ReconAfrica

My first post on ReconAfrica

https://stockhouse.com/companies/bullboard/v.reco/reconnaissance-energy-africa-ltd-ordinary-shares

 

Say what you will, My first post on the high-flying ReconAfrica  stock is when it was peaking around $10 level in 2021. I said then that the stock technically would drop under $3. The Co management was pumping hard to inflate the stock price to secure funding from Haywood. A working petroleum system doesn't mean commerciality. There might, in fact, be unconventional oil in Kevango basin, but shale oil found is worthless comparing to Permian.

Contemporaneous statements  don't lie. I kept warning people about this stock.
 

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