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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 amkestrel1961on Jan 19, 2021 8:47pm
408 Views
Post# 32330553

RE:RE:RE:Exxon /Shell will be buyers at $ 45 to $ 50/share

RE:RE:RE:Exxon /Shell will be buyers at $ 45 to $ 50/shareC6 is 100% correct the management, directors and insiders have 18% fully diluted (jarvie, cathey, evans, parks, james g, nick s, doug a, craig s, and david e) and will prosper most from holding the best basin or two and jving the others (5 or whatever).
And after watching their Texas (API) presentation it is absolutely certain that if  they  find the oil and gas that they expect, 50 bill barrels of more they will JV, not sell part or all of the company.
This is their opportunity be legends and very wealthy.
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