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).

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Reconnaissance Energy (Africa) Ltd > How long does it take to confirm if there is oil or gas?

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Comment by Frank007on Dec 24, 2024 5:04pm

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RE:RE:How long does it take to confirm if there is oil or gas?

Hope is not an investment statagy. .....growing assets are ......want a stock with big upside ...check out Frontera energy ....book value $30.77 u s $ about 40$ can ...buying back stock at $12 per share has a nice dividened ...trading for under $8 ...I value the shares in my estimate at about $80 per share ...very tightly controlled ...

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