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 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

Reconnaissance Energy (Africa) Ltd > Financial statement is a concern

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Comment by AnMaron Sep 24, 2020 7:12pm

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Post# 31617957

RE:RE:RE:Financial statement is a concern

FrackEmAll wrote: Sorry Elephants, an investment advisor would be of no use. I'm not looking for an investment. I'm looking for a speculation and this is one of the best I've seen in years. If you came here expecting an investment then you may be the one in need of an advisor.

Haha, that was cute FrackEmAll;

This company has an A-Team E&P management team holding 100% of a possible Super-Basin - like some have said, this type of opportunity rarely comes along and in my 40 years investing/speculating in oil E&Ps I can't ever remember seeing one with the potential that this may have. So some of the newbies may be lucky enough to give it a go while others will chicken out and regret not rolling the dice here; only time will tell, especially with the uncertainty of the future of fossil fuels.

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This junior mining stock offers billions in market exposure