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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 CammerRecon Oct 29, 2021 4:31pm
191 Views
Post# 34066045

RE:Buy market price

RE:Buy market price

Normally I try to buy below the market so I am not surprised that we have a lot of buyers waiting below market.

That being said i have made an exception for Recaf and have been buying even on the way down. Reason: this is an exploration play and not your typical stock, especially being in Africa.

It won't even take a big oil hit just maybe a big joint venture/deal buyout. I have only put my "fun money" winnings from other payoffs here so I am not betting the farm and don't have to sweet this. The risk of missing "the big one" in my book is greater than any losses especially with Scott and Recaf going to the big dealing OilWeek   Powwow coming up.

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