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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 Cancundudeon Jan 19, 2021 7:26am
325 Views
Post# 32324433

RE:RE:RE:...the true dilemma

RE:RE:RE:...the true dilemma

Yolostar for me a pig becomes a hog when a person exposes large gains to risks for the sake of a few more dollars. Look I am not a God so I can't say I am holding out for this or that. I am smart enough to know, I don't know what's coming around the corner but there is always something coming. Lol.  Having said that at the moment the company has hit the ground running and things look excellent for some real upside. All I can do is watch the sp appretation and hope it's a quick and sharp rise.

The company could have a major issue with the rig, major accident, environmentalists interfer, regime change (there is a reason all the majors went off shore, its Africa after all), oil price and market dynamics, cooked basin no oil all gas, I could go on and on.

I watch carefully, follow the news flow, the trading volumes, share price moves and with years of experience I let my gut guide me. If It gets to 10 or 1000 I am happy either way as it is only going to safely give me what it gives me. One thing I won't do is hold out for a specific number I have in my head as that's not smart. It's a fluid and dynamic situation and expectations should be fluid as well. 

CCD saying it will be what it will be...

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