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Bullboard - Stock Discussion Forum
Reconnaissance Energy (Africa) Ltd
V.RECO
Alternate Symbol(s):
RECAF
|
RCNWF
|
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...
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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TSXV:RECO - Post Discussion
Reconnaissance Energy (Africa) Ltd
> Oil vs Natural Gas
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•••
headtotoeinthe6
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Post by
headtotoeinthe6
on Mar 02, 2021 8:28am
Oil vs Natural Gas
Anyone know the implications for Reco/Recaf stock price and market cap, if they discover natural gas instead of conventional oil?
(95)
•••
hipfner
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Comment by
hipfner
on Mar 02, 2021 8:56am
Most wells have some natural gas. And in many cases, there are no facilities to handle the n.g. and it is wasted by burning it (flaring). This creates pollution and is certainly a flashpoint for environmentalists. (There are some companies that have portable plants to capture and turn that n.g. into power, b.t.w. Some of which are deployed in North America.) Namibia supplies only 1/2 the
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Fredo51545
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Comment by
Fredo51545
on Mar 03, 2021 10:23am
The stock will crash.
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