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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 Cali61on Jun 13, 2021 1:34am
304 Views
Post# 33378851

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:shorts are stubbornI have been reading the posts here on stockhouse but haven't posted till now. It seems everyone is in agreement about finding recoverable oil but debating the future market cap and the timing of it. Turntotheright: I totally agree with your point that ramping up production to some serious quantities will take sime. The thing is the market is always forward looking, often by years, to where the market value currently currently should be. When recoverable, conventional oil is verified the market will react to the potential that the value of the investment will be several years down the road. With the estimate by the company of potentially 120 billion barrels of oil (just guessing but possibly 10-40 billion recoverable) the stock price will most likely shoot up way beyond the company's current value. 
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