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

Reconnaissance Energy (Africa) Ltd > Target price on success: $ 24/share to $ 5,760/share

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Comment by Erebus76on Jan 18, 2021 12:30am

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Post# 32317379

RE:RE:RE:RE:RE:Target price on success: $ 24/share to $ 5,760/share

If I were to invest here it would be on the hype. Reconafrica needs more funding and looking at the amount they've invested in 3rd party advertising to pump up investors the value over the past couple of weeks seems to correlate with the advertising. There's potential sure. But my ex has the potential to finally get a job too but so far no dice. I might invest to see if the advertising builds up a frenzy. Maybe make something in the short term.

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