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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 > Where do you see RECO heading when they hit the black gold?
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Post by MrVerbatim9800 on Jan 15, 2021 8:00pm

Where do you see RECO heading when they hit the black gold?

$15-$20 until they start shipping it out for profit? Where do you see the SP at when they are in full bussiness mode? Maybe $28-$35? This is a new type of play for me, So just looking for a range of thoughts on the matter.

Thanks!.

V
Comment by C6J6Dub6U on Jan 15, 2021 8:44pm
Depending on how much they prove, and depending on how much there is, The numbers are honesty ridiculously high. Real difficult to figure possibly 4 digit sp
Comment by MrVerbatim9800 on Jan 15, 2021 9:27pm
I realize that now, wow! I was just looking at comparable companies and it totally blew my mind. Several of these discovery companies went from around $2.00 to +- $1000 in a matter of weeks after a good well hit, then leveling off as the years go by. A positive drill here will send share holders into retirement.... I really had now idea at the overwhelming potential here. I simply saw a good ...more  
Comment by C6J6Dub6U on Jan 15, 2021 9:32pm
I was tracking the boat ride bringing over to namibia. It took almost a month. When it came into the bay there I was ecstatic when I saw all the other oil drilling ships and rigs around. I'll repost my post from when it came in
Comment by jaybsin on Jan 16, 2021 10:24am
What comparable companies SP are you looking at?  
Comment by amkestrel1961 on Jan 16, 2021 10:50am
recon investor presser valued the 6.3 mill acres (ma) at 'trends" or as some label it "easy entry" at US $40/acre or $250 mill or US $!.50 fully diluted.value. This is 1X. "undeveloped" with core logs and seismic data and oil and gas shows at $850/a or 20X and at 'appraisal" at $4000/a with successful tests and production from horizontal drilling. Appraisal is ...more  
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