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Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd RCNWF


Primary Symbol: V.RECO Alternate Symbol(s):  RECAF | V.RECO.WT

Energy Metals & Mining Oil & Gas E&P Industrial Metals & Minerals
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... see more

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > Even if Recaf hits it big …
View:
Post by pacer001 on Jan 11, 2024 6:07pm

Even if Recaf hits it big …

... it won't matter!

in Africa with all the corruption, theft and other headaches not to mention expenses it is easier for the big companies to drill off shore since these platforms can be easily secured, no huge storage requirements, no huge pipeline costs, etc. etc.

I have not even gotten to the environment fight!
Comment by pacer001 on Jan 11, 2024 6:15pm
An example of the challengesoil companies have to deal with in Africa: <a href="https://oilprice.com/Latest-Energy-News/World-News/New-Protests-Threaten-to-Take-Key-Libyan-Refinery-Offline.html
Reconnaissance Energy (Africa) Ltd