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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

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Post by Yolostar on Jan 20, 2021 3:28pm

Duster

So Horseplay u had the fortitude to get out at 5.00 ( pretty much ytd high) when every indication said the stock would still climb ? Ur not fooling anyone...unless u have a crystal ball
Comment by horseplay on Jan 20, 2021 3:39pm
Its called heard this same fairy tail over and over. Always cash out when you triple your money. Want to hear how this plays out? First well duster, stock drops back to $1 ish. Move rig to well 2, stock climbs to 4 or 5 ish ( hint sell here ). May or may not be well 3 to play ball again. IMO of course. 
Comment by Cancundude on Jan 20, 2021 3:43pm
Horse If I am not mistaken are they not drilling for the geology to get a lay of the land then they will combine that with the 2D seismic to they look for the actual oil?  CCD looking a bit like Alice Cooper after such a blood bath. 
Comment by Ca01an on Jan 20, 2021 3:47pm
That is correct, they've been saying since that they're looking to confirm the thickness of the source rock with this drilling program since I started following the stock in September, I don't know why recently everybody keeps talking about it as if they are excepting to find oil in the first drill of their massive basin...
Comment by Cancundude on Jan 20, 2021 3:54pm
C01. Maybe too many reruns of The Beverly Hillbillies?  That's gonna fack up a horse brain for sure! CCD
Comment by horseplay on Jan 20, 2021 4:00pm
Awe, i c we have a pumper here folks. Living the dream life I bet
Comment by Cancundude on Jan 20, 2021 4:12pm
Oh come on hold your horses for a moment. It is the good life bro and if I might add congrats on a fine trade! I do take exception to your post about dry holes when they are not even drilling for the oil yet. How can I be a pumper when my short position was making me so nervous I got the turkey squirts? But ya what a day for me. Two buy and sells all in the money and to cover off on a short ...more  
Comment by horseplay on Jan 20, 2021 4:28pm
Thanks Cancun. I just play the story on these exploration wells, seems to work. Take care yee-haw
Comment by GorgeousGeorge1 on Jan 20, 2021 4:05pm
That's what I thought, from what I'd gathered from interviews. But I saw in one of the presentations that the third drill will target a conventional trap.
Comment by horseplay on Jan 20, 2021 3:47pm
Correct, all Im saying is this stock is a dream for flipping prob over the next two years. Time it right. Im getting back in as  I type. GL to all.
Comment by GorgeousGeorge1 on Jan 20, 2021 3:47pm
Lol. They're not even a third of the way through the first drill buddy and you think it's a duster! And probably cancelling the 3rd drill? I'm speechless. Good luck to you, however you play it
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