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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | V.RECO.WT | RCNWF

Energy Metals & Mining Oil & Gas E&P Industrial Metals & Minerals
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
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Post by Oregonduckon Mar 23, 2023 4:41pm
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Post# 35357306

Fake it till you make it.

Fake it till you make it.$2 billion, $1billion and now $300 million market cap means horseshit. This looks to be going to zero if alleged fraud/misrepresentation is proven. Despite touting the Kavango basin hosts 120 billion barrels of oil, there is no commercial oil found. 

Like Hometown International (HWIN) that once sported $100 million mkt cap. owning a single deli with nominal revenue. The promoters have all been arrested for securities fraud and the stock subsequently halted.

https://www.courierpostonline.com/story/news/local/south-jersey/2023/03/20/your-hometown-deli-paulsboro-nj-peter-coker-securities-stock-fraud/70018288007/



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