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

Reconnaissance Energy (Africa) Ltd > Target price on success: $ 24/share to $ 5,760/share

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Comment by teheran10on Jan 17, 2021 8:08pm

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Post# 32316586

RE:Target price on success: $ 24/share to $ 5,760/share

Hiddensecrets wrote: This post assumes we are successful anywhere from moderate level to a smash hit.

Per Haywood:

Modest Success

500 million barrels of oil equates to a stock price of:    $ 24 per share (3.6 billion)
(Oil value: 500 million * $ 50 per barrel = $ 25 billion)


Ulitimate Success

120 billion barrels of oil equates to a stock price of:   5,760 per share ($86 billion)
(Oil value: 120 billion * $ 50 per barrel = $ 6 trillion)

Present valuation: $ 600 million (including warrants / options)

Potential: Min: $ 3.6 billion Max: $ 86 billion

I guess this begs the question, who in their right mind is willing to sell or short this stock given this potential?

MPO

YOU FORGOT TO MULTIPLY BY 5 up to 10 earning FACTOR.