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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 RawSiennaon Apr 12, 2023 12:01pm
127 Views
Post# 35390828

I think it's time for Franks history lesson...

I think it's time for Franks history lesson...See Frank likes to hang around #oyl and pump it to anyone who hasn't muted/blocked him yet, now I got nothing against that stock as they are currently drilling and have an active catalyst driving them but lets look where it started and compare it to Reco for a minute.

Firstly #oyl started in Guyana in 1998 and spent over 350 million to date and currently have no wells producing!

https://www.kaieteurnewsonline.com/2022/02/20/cgx-pumped-us350m-for-more-than-20-years-before-landing-on-kawa-1-discovery/

Now nothing was discovered in that basin until 2015, and not by #oyl. I'll let you do the math there, okay. (17 years poking around Guyana before any results for those to lazy to do the math)
 So to call Reco a pump and dump repeatedly seems a little much given that #oyl had stated in 2010 that..
"CGX announces 2.8 billion barrels estimated oil prospects off Guyana’s coast"

[url=https://][/url]https://guyanachronicle.com/2010/03/13/cgx-announces-28-billion-barrels-estimated-oil-prospects-off-guyanas-coast/

Yes, thats right, 13 years ago they claimed 2.8 estimated barrels but have zero to show for it at the moment.

So before you listen to Frank or anyone spewing nonsense do a little of your own DD and give Frank a big round of applauser all his helpful posts here.
Reco is basiclly in the same position as #oyl now after a few short years...
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