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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 Charlie2on May 23, 2022 9:40pm
204 Views
Post# 34702713

RE:Why Recaf can go for BIG bucks sooner than later!

RE:Why Recaf can go for BIG bucks sooner than later!Did you mean $10,$15 US per share or that many billion?  They have the data room open to serious interests and I expect  some companies watching this closely but great things come with producing oil, a major could take a run at it with probable production and with the massive acreage but multiple joint ventures will be prepared to open up this play in a big hurry when we prove a  producing well. At that point derisking compounds and  it becomes a best deal game. Reco has a good working relationship with the government of Namibia and they could be in a position to act as the protecting  interest and government partners while providing massive income both to their shareholders and the people of Namibia without selling out the base properties. Expect to see numbers north of $15/share when drilling has commenced again, this is no longer shot in the dark strat wells. There are some  defined targets and additional seismic will be providing further data daily. I want to see drills in the ground and oil as much as anyone, yet the proper analysis and chosen location and a dash of luck can mean massive  success . Buckle up for a wild ride!
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