Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 RHertigon Apr 07, 2021 10:42am
235 Views
Post# 32948892

RE:RE:Well

RE:RE:Well
I think you missed the point of my post. I asked about the thoughts on the FOMO crowd. I have been investing for longer than most on here have been alive. I get how oil exploration works. I have read thousands of oil companies news releases. This is a scientific well. Its about understanding the geology. The news release was boilerplate stating they were able to achieve that goal. Ie getting all the samples the whole lenght of the well. This news release said zero about finding any pay zones or a working petroleum system. I didn't expect it too. I was just curious how everyone thought the crowd would react. The open shows there was no panic. I will continue to add a little at a time as funds are available like I have planed from the beginning.
<< Previous
Bullboard Posts
Next >>