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Reconnaissance Energy (Africa) Ltd V.RECO

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

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 Oregonduckon Apr 07, 2023 11:55am
246 Views
Post# 35384652

A Rogue’s Gallery

A Rogue’s GalleryJennifer Comalie, Namcor Chair, arrested for drug possession and it's Managing Director booted out this week.

I posted contemporaneously a year ago when Namcor first announced the sale as highly suspicious. I believed Namcor knew there is no oil there, but ReconAfrica needed to keep the shell game going and Namcor onside with permitting. I said then it looked like a bribery deal going down. Both ReconAfrica and Namcor had insisted the deal would close by year-end 2022. It is now off after a Govt investigation and scandal.




 


 


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