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).

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Reconnaissance Energy (Africa) Ltd

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Post by Wynjoeon Nov 25, 2022 9:36am

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Post# 35127828

This stock is a DISASTER...

With d & t resigning this DO NOT spell good news,SELL WHILE THE SELLINGS GOOD!!! I believe another placement must soon happen,and I also believe it will be much lower then here.No cash on hand ,debt rising, environmental groups having teeth barred and a class action lawsuit pending is DOOM TO THIS COMPANY. There may be oil in the kavango but at what price and will reco be bankrupt before then????MAJOR SELL!!!!

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