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).

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Reconnaissance Energy (Africa) Ltd > Alice in Wonderland

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Post by Oregonduckon Jun 21, 2023 11:17pm

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Post# 35508417

Alice in Wonderland

Couriouser and couriouser ?!!!

Why put out an Annual Management Information Form now which is old and stale-dated Dec 31, 2021? The Co must submit audited financials by no later than July 31st for the 15 months ended March 31, 2023 (they changed year-end date). So, they already knew about the annual results but, nevertheless, issued last year's information to shareholders instead. They are hiding horrible results showing severe cash crunch and things like poor flow tests and reason for the delays in drilling.

The Co must hold an AGM by no later than 15 months from the date of the last Annual Meeting.

Something not right here.