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Bullboard - Stock Discussion Forum 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... see more

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > CNOOC not Chevron. The BS environmental storm will
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Post by drunk@noon on Jun 17, 2021 11:02am

CNOOC not Chevron. The BS environmental storm will

prevent any of the big corps from becoming involved. They are now beholden to the bespoke hypocrate orgs. I have gone through this decades ago with Petrokazakhstan. The crooks who run the country wanted to steal the company so they wiped up all this BS about them stealling the resources of the country. Instead of getting taken completely to the cleaners Petrokazakhstand sold out to the chinese, at a bargin, but nevertheless a good enough price to make me some money.
China is active with all resources in aftrica so they would be an ideal partner/possible buyer of the company for close to market value.
Comment by CammerRec on Jun 17, 2021 2:03pm
You are on the something. A very good  point! Even though their is some growing backlash in Africa they expanding greatly to "colonize" it just like the old big European countries did previously.
Comment by InvrsContrarian on Jun 17, 2021 3:54pm
Namibia could be used as an entry point and balance mechanism for the good old USA against the Chinese Belt and plunder initiative. Check out this article on African security and the Chinese. Why would Namibia sign away their resources for a leveraged loan from the Chinese when you can get cold hard cash upfront from a big old fashioned oil Barron? " By early 2021, 140 countries worldwide had ...more  
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