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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

Post by C6J6Dub6Uon Feb 04, 2021 12:31am
579 Views
Post# 32467484

Realistic? Unrealistic? Do numbers lie?

Realistic? Unrealistic? Do numbers lie?
If Haywood estimates a $24 share price with a find of 50mil. What if we get like 12B+ or more like some anticipate. 12B 50M = 240. (Haywood$24@50m)24 240(12B50M) = $5760. Now what if its 120B.... add a zero. This is many years later. And maybe not as cushing of numbers due to farming out. But just try doing the math. It makes me laugh every time I do it.
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