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).

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Reconnaissance Energy (Africa) Ltd > Where do you see RECO heading when they hit the black gold?

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Comment by amkestrel1961on Jan 16, 2021 10:50am

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Post# 32313170

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

recon investor presser valued the 6.3 mill acres (ma) at 'trends" or as some label it "easy entry"
at US $40/acre or $250 mill or US $!.50 fully diluted.value. This is 1X.
"undeveloped" with core logs and seismic data and oil and gas shows at $850/a or 20X
and at 'appraisal" at $4000/a with successful tests and production from horizontal drilling.
Appraisal is 100X US $1.50 or $150 per share.
We are within 40+ days of reaching 'undeveloped hopefully and US$30 per share.

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