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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 > Day of Reckoning
View:
Post by Oregonduck on Jun 13, 2023 11:04am

Day of Reckoning

The Co must submit audited financial statements by no later than 4 months after new year end or July 31. It will likely show they will owe over $100 million on Mexican oil royalties. The debt will subsume Reco and the Co will be forced into Chapter 11, or more likely, CCAA or BIA proceedings since they are domiciled in Canada.

They can fake it, but they can't make it !!!
Comment by pacer001 on Jun 13, 2023 1:52pm
Right you are again Mr. Duck. If only we had listened to your quackings warning us on Recaf how much more money we would have had!
Reconnaissance Energy (Africa) Ltd
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