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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 Nov 26, 2022 5:52pm
287 Views
Post# 35131165

Why the future of oil is so bright...

Why the future of oil is so bright...

... because they can't make windmills as fast as needed, as cheap as needed, and without the Chinese!

I lived and worked in Aarhus Denmark, the capital of windmills and hq of Vestas when they were booming. Now Over the months they have been laying off workers and curtailing production as costs skyrocket. And they and others are losing money hand over fist! 

From the OP article:
"Just this month, Denmark-based Vestas Wind Systems, the largest maker of wind turbines in the world, reported a third-quarter loss of 147 million euros (about $151 million)."

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