Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): RECAF | V.RECO.W.A

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 > oil price targets

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Comment by Yo_Dogon Jul 06, 2022 7:12am

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Post# 34804253

RE:oil price targets

I used to read these analyst estimates thinking how accurate they were. Time has proven that their accuracy is low. The price of oil outlook is, let's call it, a yearly at most. Large oil companies are looking for 10-25 year (my guess) outlook. A new big discovery will be coveted by a number of larger entities, IMO.

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