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

Reconnaissance Energy (Africa) Ltd > A can of worms

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Comment by wmstockon Nov 28, 2022 12:00pm

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Post# 35133949

RE:RE:A can of worms

If this is a sell as you say, what are you thoughts on Eco (Atlantic) Oil & Gas Ltd V.EOG?

Wynjoe wrote: Non compliance with security regulations?Why invest with this company?From ongoing lawsuits to allegations of pumping their own stock.this is a major sell.Cash on hand getting lower,no significant oil traces found,and a well in December (proposed)that wont even see results till maybe March? BANKRUPTCY is far from impossible I.m.o. and at the very least may be taken over for pennies. Oil prices lower in an area that will be bombarded with environmentalists.Major SELL SELL SELL!!!

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