Reconnaissance Energy (Africa) Ltd RECAF

Primary Symbol: V.RECO Alternate Symbol(s): 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).

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Reconnaissance Energy (Africa) Ltd > It a pump and dump !

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Comment by L.A.on Nov 21, 2024 2:47pm

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Post# 36324407

RE:RE:It a pump and dump !

I think this one is a duster, the last update they had was Oct 5 and they were at 3500m with a target depth of 3800m This update says they have drilled to 4000m exceeding the target depth by 200 m.
Surprised the share price is holding as well as it has. Mind you maybe people are waiting for the actual drilling results in an official NR. However why would they send out an operations update that exceeded target depth and continue to drill if they hit something good. All arrows point to this one being a duster.

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