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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 grenouille on Apr 20, 2021 11:46am

GAP FILLED....

....now what?
Comment by teheran10 on Apr 20, 2021 11:56am
I think so too that the Gap has been filled now. Will not be surprised at all if we start getting back to $8 again this afternoon. I have sold a lot of other stocks to get some more shares at $7+, hope this was the right more and good gut feeling. Haywood says $10 is the minimum at this stage and we know we have an ocean of oil down there. $150-$250 
Comment by Fredo51545 on Apr 20, 2021 1:48pm
Without a drillstem test showing flowing oil on the second test well, there will be no material new information to drive the stock higher. Even that news is not due before June. We certainly do not "know" there is an ocean of oil there. We also do not know if there is much economic value in the event of a discovery because of the complete lack of transportation infrastructure. I am ...more  
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