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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

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > Namibia will still be very BIG-even without Recaf'!
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Post by pacer001 on Jul 16, 2023 5:38pm

Namibia will still be very BIG-even without Recaf'!

The offshore oil discoveries will mean oil for oil starved neighboring countries that will drive the need for ports, refineries and all the support activities and businesses that will flow from it.

In the California Gold Rush of 1849 the big fortunes were made not so much by the miners but the businesses that supported them like Levi Strauss, etc.

Therefore I am looking for businesses in Namibia that will benefit from the oil ops coming in. That will be where the real money will be no matter how much oil is actually discovered!
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