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 > Target price on success: $ 24/share to $ 5,760/share

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Comment by Erebus76on Jan 18, 2021 5:32pm

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Post# 32322682

RE:RE:RE:RE:RE:RE:RE:Target price on success: $ 24/share to $ 5,760/share

Thanks for that. I'm actually stuck at sea and internet is spotty. Hard to load most websites and maybe it was an older article. This works well because there's not as much to load. I just knew they had a strong ad campaign. I was interested to read that the world's largest non-glacier underground lake is right in that area. Lots of ancient zooplankton and algea deposits I imagine. Plus the area seems littered with anticlines. I like too that the government is onboard with the 5% royalty so government backing them is great. One more week and I can get off this ship and actually use the internet in its entirety again!

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