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 > Question about 2D Seismic

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Comment by veryfishyon Apr 21, 2021 1:29pm

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Post# 33037962

RE:Question about 2D Seismic

It waill take at least one month to analyse the data and choose the locations of the second well. The news vacuum is always a problem for the speculators. The traditional Sine Curve Exploration stocks - hard rock and soft takes over and takes the stock back down on its right hand side back to or to a lower than the price of the stock before the original exploration announcemnet. This would mean RECO goes back to $3 or even lower. Then if the news on the second well is good, the stock jumps back and tries to fgo to new highs.

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