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Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

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

Energy Metals & Mining Oil & Gas E&P Industrial Metals & Minerals
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... see more

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > Don’t get Sucked In
View:
Post by Oregonduck on Jun 28, 2022 11:25am

Don’t get Sucked In

Reco spuds the 8-2 well to test potential oil and Nat gas...I predict if they haven't found any commercial oil, they will pump the Nat gas angle. They will not release any data like 6-2, saying the 4-well program is continuous.

Should the drilling fail to find any oil, it will be like the 70's advertisement "The Roach Motel" - You Check In, You Don't Check out - one dead roach for the buy-and-hold investor.
Comment by C1v1k6 on Jun 28, 2022 12:21pm
don't get left behind duck better get in while you can
Comment by Yo_Dog on Jun 28, 2022 1:27pm
It is good you have a prediction, however, the drill will be the best predictor. Not some armchair, sit at home know it all. 
Comment by pacer001 on Jun 28, 2022 2:47pm
Mr. Duck you never cease to amaze. We now have some great news of progress and what do you come up with ... roach motels?  Let's see if you still have your touch. Usually when you quack Recaf goes ... UP!
Reconnaissance Energy (Africa) Ltd