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 new page?

<< Previous

Bullboard Posts

Next >>

Comment by jimgeorgeon Dec 22, 2022 2:54pm

181 Views

Post# 35187777

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:A new page?

Not that informative...mainly cheerleading from a company that wants to sell this service. Granite, carbonates, consolidated sandstone and shale all have similar densities of 2.6-2.8 g/cc. The presence or absence of hydrocarbons really doesn't make enough difference. Only young, unconsolidated sands and shales, and more notably salt, have a materially different (lower) density. This is why gravity was used 80 years ago to find salt domes in the gulf coast area.

I think it's misdirection from Recon, and an excuse for delaying the next round of drilling.

<< Previous

Bullboard Posts

Next >>

BMO evolves InvestorLine with enhanced tools for options trading