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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 rexdunxon Dec 19, 2022 11:18am
318 Views
Post# 35179675

A new page?

A new page?Despite the rhetoric on this board there is potential significant upside to this stock that may be based around published intentions to explore the Damara fold, and of course the yocoming 5-1 drilo and 6-2 sidetrack. .  The company is proceeding slowly and it is not inconceivable that investors and company want to see a 4th line of seismic and eFTG survey before drilling.  To drill 5-1now without this extra data doesn't really make sense when the delay may only be a three weeks ect.  
Cheers to the longs and new investors.  Good luck
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