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 > Up 8.50%, new high $2.12

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Comment by Elephantson Dec 04, 2020 10:21am

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Post# 32036343

RE:RE:RE:Up 8.50%, new high $2.12

how has that been different for the last month? I've been saying for a while the intrinsic value is about $5 with this risk reward, one day you'll believe me. Keep in mind st1 found source rock so there is a near certainty there is oil here. If it thickens as it deepens, which the geology strongly suggests, this will be huge.

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