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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

Comment by Burhaanon Jan 06, 2021 6:18am
441 Views
Post# 32230956

RE:Trump has won. Oil will be $65 thus year

RE:Trump has won. Oil will be $65 thus yearLmao, valuation at $200-500 once comfortably in production assuming a find per Jarvie's estimates and mild dilution. What I do like atm is how heavily undervalued O&G is. Tesla (like crypto and most tech stock) is in the mother of all bubbles atm and the inevitable pop will really damage EV sentiment in the near-medium term and trigger a reversion to old norms. I'm long on mining in general in the medium term.
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