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.

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Reconnaissance Energy (Africa) Ltd > shorts are stubborn

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Comment by TurnToTheRighton Jun 12, 2021 9:47pm

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Post# 33378653

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:shorts are stubborn

I think there is an absolute ton of oil there, and I don't think I have indicated otherwise. I think the share price can sky rocket, but I don't know if the fundamentals will ever justify a 30-40 billion plus market cap. And I genuinely don't want the misinformation from some to be promulgated.

Overall, I'm in for the long haul, but I will sell once the SP far exceeds what any logic can justify. Long term, my concerns revolve around the development of midstream/export infrastructure capacity, as well as a race between development of the basin, increasing production to match the massive reserves (which I do think there are), and the major's shifting away from oil (look what happened to Exxon's board election a few weeks ago).

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A junior copper-gold stock trading at a bargain of monumental proportions