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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...
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
> Simple Logic
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•••
rexdunx
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Post by
rexdunx
on Sep 22, 2022 11:49am
Simple Logic
This deal would result in political suicide for Namibian politicians if 8-2 is a duster. For me, the finalisation of the deal means something great is coming soon!
(14)
•••
jwa444
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Comment by
jwa444
on Sep 22, 2022 12:27pm
The closing of this transaction was originally scheduled for the end of March, 2022. I suspect the delay was on Namcor's side, awaiting evidence (seismic, drill cores, etc.) that it was to their advantage. As a partner, they have full access to these results. Their willingness to go forward with the deal indicates that there is strong evidence of a lot of oil. Namcor
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•••
pacer001
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Comment by
pacer001
on Sep 22, 2022 1:10pm
Right you are Rex!
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