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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

Comment by MrVerbatim9800on Jan 15, 2021 9:27pm
525 Views
Post# 32312245

RE:RE:Where do you see RECO heading when they hit the black gold?

RE:RE:Where do you see RECO heading when they hit the black gold? I realize that now, wow! I was just looking at comparable companies and it totally blew my mind. Several of these discovery companies went from around $2.00 to +- $1000 in a matter of weeks after a good well hit, then leveling off as the years go by. A positive drill here will send share holders into retirement.... I really had now idea at the overwhelming potential here. I simply saw a good oppourtunity to park some cash into a company that has exellent fundamentals and a positive future. What really nailed it for me is the fact that the BIG name players are buying the surrounding land and offshore rights for drilling. That's solid........
C6J6Dub6U wrote: Depending on how much they prove, and depending on how much there is, The numbers are honesty ridiculously high. Real difficult to figure possibly 4 digit sp


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