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Reconnaissance Energy (Africa) Ltd V.RECO

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

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 Burhaanon Dec 30, 2020 4:46am
455 Views
Post# 32195293

Position?

Position? First post on the board. How optimistic are we feeling here on the stock (any info on current exploration developments that I may have missed) ? I am typically just an index and blue chip guy but I do dedicate a portion of my portfolio to higher risk stock and have some appetite for risk. My cousin who's a geologist here in South Africa introduced me to the stock and the risk/reward ratio seems insane (if it pans out even those with relatively minor holdings will be sitting good). GLTA
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