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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 derpaon Jul 06, 2021 4:45pm
220 Views
Post# 33500466

RE:RE:RE:Who is Jimmy ?

RE:RE:RE:Who is Jimmy ?The issue of commerciality has of course not yet been settled. We as investors have to weigh the objective evidence together with the statements of the people running the show. What I see is very promising evidence together with "under promotion" of this evidence by the people running the show. They didn't go "bamboozle" after seeing oil in the first well with the exception of the Namcore CEO who (justifiably) couldn't hide his excitement. The RECO team has been reservedly excited. They said they plugged the first well temporarily instead of doing a song and dance about it. So this is certainly not a pump & dump. They are dotting their i's and crossing the t's so as to solidify their case and get as much data to built up their value (which is ours as well). What else could we as shareholders ask for? Would a quick premature TO bid please the majority of us? Doubt it. So while waiting can be nerve-racking, please bear with the team's effort. The risk reward is greatly skewed in out favor.
Glta
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