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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | V.RECO.WT | RCNWF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest Botswana over the Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (km2) (6.3 million acres) of oil and/or gas exploration properties comprising Blocks 1719, 1720, 1721, 1819, 1820 and 1821 situated in the Kavango Basin of northeast Namibia (the Namibia Licensed Property) and approximately 7,592 km2 (1.88 million acres) in Botswana (the Botswana Licensed Property). The two licenses together comprise over 32,933 km2 (8 million acres).


TSXV:RECO - Post by User

Post by Hiddensecretson Dec 09, 2020 2:28pm
442 Views
Post# 32069281

Very Healthy Correction - BEFORE NEW HIGHS

Very Healthy Correction - BEFORE NEW HIGHSI really do not care about daily or weekly swings as these are noise in the long scope of things. 

What I care about is obtaining confirmation of a Petroleum System in Place.

As a poster pointed out, on shale potential alone, which is much harder, a successful test of these 3 holes would yield a fair market value of:

$ 69.85 USD per share, that is almost $ 100 per share Canadian.

There is way too much potential to want to daytrade around this one, too much danger of missing out the once in a lifetime opportunity to retire rich.

MPO
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