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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 Dec 18, 2022 4:33pm
279 Views
Post# 35178611

Coming soon! The Putin Put!

Coming soon! The Putin Put!

As I posted awhile back some investors have been buying options and futures to profit greatly if "Mad Vlad" is deposed and Russia is allowed to flood the energy markets with cheap oil and nat gas. 

From today's headlines there is growing unrest in his most loyal circles and the thinking he is on the skids big time. Also he has cancelled his 3 hour open press conference for year end and his glittering New Year's Eve Kremlin gala for his elite cronies to pay homage to him. This ball has rivaled anything the Czars had and he lived basking in the boot licking and worshipping. Things must be really bad for him to give this up!

As Putin goes so does the price of oil. Exploration and development money will evaporate as the Russians are allowed to flood the markets to get money for Ukraine reperations.

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