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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 recowatcher69on Jan 13, 2021 12:37pm
416 Views
Post# 32285492

RE:RE:RE:RE:RE:RE:RE:The Flippers

RE:RE:RE:RE:RE:RE:RE:The Flippers Good morning, I have been following RECO for several months, and acquired shares from $0.66, $0.88, $2.39 and more today at $3.13...People should look at--and trust--the findamentals of this opportunity. This is a World Class Resource with World Class Management and nowhere to go but mid-high double digits.
I think the first indication of a positive drill, will come before next Friday as they shuld have drilled close to 4,000 feet by now and there will be clear signs of oil/hydrocarbons once they reach the proper depth.
This is a long position stock, but I think we will see $5 by the end of next week.
Have a look ata Concho, that was recently acquired by Conoco Phillips...Small company with large oil assets. Sold for $9.5 billion..I could see a much larger sell price for RECO. :-)
Enjoy the ride as it should be a great one.
 
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