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 > Midland Basin: $ 540 Billion Mkt Cap (Reco: $ 3,233/share)

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Comment by teheran10on Dec 27, 2020 6:48pm

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Post# 32185991

RE:Midland Basin: $ 540 Billion Mkt Cap (Reco: $ 3,233/share)

Hiddensecrets wrote: In the Wood Mackenzie report, the Midland Basin in Texas is being used as a comparative, as it has similar features to Kavango basin.....the Midland Basin has a value of $ 540 billion.

If we were to apply this $ 540 billion value to Reco.v, it amounts to a $ 3,233 stock price.

And here you can pick all the shares you want at $ 2.25 per share.

Incredible possible returns, ONCE IN A LIFE

Hey Investors
we all magnificent Kavango can be. Some of us will be billionaires and some of us multimillionaires and some will pay they or mortgages with only a few thousand shares they have.

this can be the last huge oil basin in the upcoming decade or century, who knows.

let's relax and let's the drills tell the story.