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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  V.RECO.W.A | RECWF | 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 TurnToTheRighton May 14, 2021 11:05am
249 Views
Post# 33203269

RE:RE:RE:RE:RE:Some Big Numbers...for comparison

RE:RE:RE:RE:RE:Some Big Numbers...for comparisonYou hit on my point exactly, and I absolutely defer to Haywood's SP prediction. It takes a ton of information, knowledge, and experience to formulate SP valuation estimates (and frankly, financial guys do a good job with the numbers they are given, but have a tough time contextualizing exactly how overly technical information may adjust risk - like the fact that carbonates were encountered and the potential risks and benefits associated with carbonate production).

My post was in response to an individual extrapolating the information to a $560 SP. I absolutely think share prices even around $100 are attainable EVENTUALLY, but $150-$250 in a few years seems like a pipe dream to me.
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