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 > Another nail in the coffin - from its own government!

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Comment by pacer001on Dec 09, 2022 2:40pm

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RE:RE:RE:Another nail in the coffin - from its own government!

This would apply to any FUTURE possible investments from Canadien companies.

Per the conference call that I heard they are actively looking for partners and I would think a Canadien one would have been desirable and in the running.

Also a major government coming out with something like this sets a very negative tone for other potential partners and might accelerate a trend starting.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?