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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 pacer001on Nov 23, 2022 12:22pm
137 Views
Post# 35122322

RE:RE:Some chatter

RE:RE:Some chatter

Mr. Duck as to your comment that "fraking is not a allowed" that may be true for the present but how long will that last with the desperation for energy? 

I have been investing in South African companies, like SBSW, for over 10 years and will tell you the people there are not as accepting and passive as they are in the US.

When things get bad enough they will riot big time and the governments will respond in that they come themselves from a revolutionary background and know the consequences of not : it is literally their heads (necklacing with a gas soaked tire around their neck)!

I am selling my South African holdings in that I think it will get very bad there if they can not secure huge supplies of oil and energy.

 

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