Reconnaissance Energy (Africa) Ltd V.RECO

Under Liquidity in the MD&A

[RawSienna]

"ReconAfrica’s current cash is sufficient to fund its upcoming operations including the drilling of the 5-1 well, the seismic

phase 2 extension, and eFTG operations, however, additional funding will be necessary for ongoing working capital,

any drilling delays and future exploration activities. The Company’s subsidiary, Renaissance, does not have sufficient

funds to completely repay the outstanding royalty balance. Additional funding will be necessary should payment be

required on the balance of the royalties payable. Initial results from the upcoming operations will influence

management’s strategy for further drilling locations and exploration activities, including the 5-1 well location, 6-2

sidetrack, and Damara fold belt."

[farml1234]

Re::: The Company’s subsidiary, Renaissance, does not have sufficient funds to completely repay the outstanding royalty balance. Additional funding will be necessary should payment be required on the balance of the royalties payable. Initial results from the upcoming operations will influence ! HEY if i remember correctly the Mexican government is way behind on paying Renaissance for

[WildWilly1]

Don't forget the Mexicans also owe us money for unpaid contracts re: Renaissance.

[minigoon]

he knows, he just dosn't mention that part.