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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the opening of Kavango Sedimentary Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. It holds 90% interest in a petroleum exploration license in northeast Namibia and a 100% interest in petroleum exploration rights in northwest Botswana over the entire Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (6.3 million acres) and 8,990 km2 (2.2 million acres) in Botswana. The two licenses together comprise 34,325 sq km (8.5 million acres). Its conventional drilling program is focused on analyzing the rocks to determine if there is a working petroleum system in the Kavango Basin.


TSXV:RECO - Post by User

Comment by Redrum180on Jan 13, 2021 1:21am
236 Views
Post# 32282809

RE:RE:RE:Damn!!

RE:RE:RE:Damn!!     I believe many funds are not allowed (or choose not to) to buy shares under $3 per share.  If I'm right about that, there could be a stampede of institutional buying.  Just for RECO'S speculative value or potential, I can see the shares priced at $5 -- without any news.

     If this is the monster basin that some experts believe, we'll see this stock climb sharply.  Even after the warrants are exercised, which is likely, there still will be under 150 million shares (if my math is correct.)  I hope the experts' projections/predictions are right because 150,000,000 won't be considered a lot of shares if their numbers are even close.       

     Nothing is guaranteed; things don't always work out as expected or may take longer to reach fruition than expected; so before you buy (anything), do your due diligence.  
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