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Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

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

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 > What went wrong ?
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Post by Oregonduck on Jul 17, 2022 12:59pm

What went wrong ?

The Co said they discovered 600 ft of light oil at 6-2 with good traps in place. Original Oil in Place has been estimated by probability at 120 billion bbl. That was not real. Minister Alweendo said no oil has been discovered.

It is like a drug, when the high wears off and the drug is all gone, the party is over. 
Comment by yureja5 on Jul 18, 2022 12:33am
This post has been removed in accordance with Community Policy
Reconnaissance Energy (Africa) Ltd
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