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

Reconnaissance Energy (Africa) Ltd > Valuation Metrics

<< Previous

Bullboard Posts

Next >>

Post by Oregonduckon Feb 07, 2022 10:31am

339 Views

Post# 34404551

Valuation Metrics

So, Reco has imputed a deal valuation of $635 million for its stock selling for about $1 billion ??

The Class Action has crossed the threshold with one consolidated action certified by the courts.

The former Chairman Park and Dr. Granath resigning are likely named defendants.

<< Previous

Bullboard Posts

Next >>

This junior mining stock offers billions in market exposure