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 > Stock Price Estimate

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Comment by Chas15on Feb 07, 2021 1:04am

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Post# 32494835

RE:RE:Stock Price Estimate

That would depend on the update, if things go smoothly I think in a month we will have a solid foundation at $5. The past week was really telling - other than that drastic drop intraday Friday, it was very stable with consistent gains. Which bodes well for the stock. So, by end of February I'm banking on anything under $4.50 to be last months news - onto $5.

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A junior copper-gold stock trading at a bargain of monumental proportions