Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): RECAF | RCNWF | 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).

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Reconnaissance Energy (Africa) Ltd > Crazy price

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Comment by Narobioilon Jan 15, 2021 6:46pm

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Post# 32311826

RE:Crazy price

They may release an update to keep people interested, but I do not think that is their style.
unless there are delays or rig break downs. I am sure it will be quiet for the next couple of weeks as the only thing to report will be that they set and cemented the intermediate string.
You do not see visable Hydrocarbons in the mud system or cuttings.
There is interest in this stock and I see it moving higher and consolidating over the next 2 weeks while we wait in anticipation of updates. They will keep everything very tight to their chest as this is an exploration well.

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