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Bullboard - Stock Discussion Forum 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... see more

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > Haywood Target Price: $ 24/share (Institutions BUYING)
View:
Post by Hiddensecrets on Jan 13, 2021 8:57am

Haywood Target Price: $ 24/share (Institutions BUYING)

Haywood target price of $ 24 per share in its latest report calculates only a modest find of 500 million barrels of oil.

We are targeting 120 billion barrels of oil for 12% of the land, 

On 100% of the land you will have trillion barrels of oil.   Jarvie did not want to put a number as it got too high.

The 120 billion barrels of oil is a CONSERVATIVE NUMBER for him.

If I were an institution I would have people on the ground at the site.   Any expert in rocks can already have an idea by seeing the early drilling of the rocks as they come out of the ground.   I suspect that they must be pleased. 

MPO
Comment by Adwari on Jan 13, 2021 9:27am
Can you post the link of Haywood target of $24 for RECO, please. Thanks
Comment by Elephants on Jan 13, 2021 9:54am
https://reconafrica.com/investors/analyst-reports/ you also want to read this one: https://reconafrica.com/wp-content/uploads/Dan-Jarvie-ReconAfrica-Geochemical-Analysis-1.pdf
Comment by teheran10 on Jan 13, 2021 9:56am
sorry guys BUT I HAD TO BUY SEEING A  DIP LIKE THAT
Comment by Cancundude on Jan 13, 2021 10:15am
Ha this morning was a classic head fake. But still lots of interest. 
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