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.

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Reconnaissance Energy (Africa) Ltd > Heard about this on #wallstreetbets

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Post by ronnie4on Jan 31, 2021 5:51am

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Post# 32430633

Heard about this on #wallstreetbets

I saw this over at WSB. It looks like the reward to risk is reasonable. I also looked at the Haywood reprt ECT. I will likely buy in before this starts trending on Redditt. Why is this stock so undervalued? No complaints though because if the noise is an indicater there is about to be a whole lot of interest in this stock.

Ronnie

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