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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  V.RECO.W.A | RECWF | RECAF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the opening of Kavango Sedimentary Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. It holds 90% interest in a petroleum exploration license in northeast Namibia and a 100% interest in petroleum exploration rights in northwest Botswana over the entire Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (6.3 million acres) and 8,990 km2 (2.2 million acres) in Botswana. The two licenses together comprise 34,325 sq km (8.5 million acres). Its conventional drilling program is focused on analyzing the rocks to determine if there is a working petroleum system in the Kavango Basin.


TSXV:RECO - Post by User

Comment by pacer001on Jul 05, 2022 11:32pm
123 Views
Post# 34804044

RE:Massacre Coming

RE:Massacre Coming

Mr. Duck you are not that far off; oil did drop to like minus $40 a barrel. There were some bizarre schemes floated; never verified; to store oil in swimming pools in Houston, etc. But these interesting stories aside; this price drop was technical and soon rectified. With demand as high as it currently is I doubt it could ever happen again except on the case of a "Putin Put" where Putin is deposed, a Western friendly government installed in Russia, they produce like crazy, they sell to the West like crazy, etc. etc. All very very doubtful! 

I understand that we have a long way to go to duck hunting season in Oregon; like December. So scope out a nice nest before it starts as duck hunters like their shooting. 

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