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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 pacer001on May 24, 2023 11:31am
190 Views
Post# 35461941

I predict the Recaf fiasco will make 60 minutes!

I predict the Recaf fiasco will make 60 minutes!Things are starting to unravel very fast for the Recaf Namcor crooks:

Hot off the Namibian wires today 24 May 23:

"By
 
 
 

The state-owned petroleum company Namcor’s board has confirmed the demands made by its suspended managing director, Imms Mulunga, to be reinstated.

Company spokesperson Paulo Coelho on Wednesday said the company is finding ways to deal with the issue.

“We want to assure everyone that we are indeed aware of the ongoing situation.

“Our board of directors is actively involved, diligently working and deliberating on this matter, dedicating the necessary attention and resources towards reaching a resolution,” he said.

Mulunga was shown the door temporarily a few months ago after being accused of signing contracts worth more than N$100 million without the board’s approval."


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