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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 Narobioilon Jan 15, 2021 6:46pm
269 Views
Post# 32311826

RE:Crazy price

RE:Crazy priceThey may release an update to keep people interested, but I do not think that is their style.
unless there are delays or rig break downs. I am sure it will be quiet for the next couple of weeks as the only thing to report will be that they set and cemented the intermediate string. 
You do not see visable Hydrocarbons in the mud system or cuttings.
There is interest in this stock and I see it moving higher and consolidating over the next 2 weeks while we wait in anticipation of updates.  They will keep everything very tight to their chest as this is an exploration well. 
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