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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

Comment by Elephantson Dec 06, 2020 7:41pm
335 Views
Post# 32047064

RE:RE:RE:RE:Cool FB page

RE:RE:RE:RE:Cool FB page
investor55x wrote: interesting FB page. If I look at the price increase this week, then the coming week will be very interesting when the rig will arrive in Namibia. I think we'll see 3 CAD in the coming week, maybe even more, because it seems that there are significantly more buyers than sellers!


I suspect that will remain all the way up to $3 and a little blimp there while warrant holders sell off a bit then it'll shoot up to $5'ish. But who cares about that, it's the double digit and triple digit numbers after drilling results that matter.
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