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

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Reconnaissance Energy (Africa) Ltd > Total could potentially buy us out?

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Post by CammerRec on Sep 24, 2021 9:17pm

Total could potentially buy us out?

I have been prowling through previous buyouts of exploration type companies in Africa and came across this little goodie from 2020:

"In 2020, Tullow Oil, which had been investing in Ugandan oil since 2004, sold its assets to Total, for $575 million, with the French giant set to work in collaboration with China’s CNOOC to further develop the Tilenga and Kingfisher oil fields, alongside Uganda’s national oil company UNOC. "

The above could be some potential suitors for us but we need a lot more - like TWO billion!

510