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 C6J6Dub6Uon Jan 17, 2021 8:13pm

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Post# 32316596

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

company already said 35+ makes profit. Professionals have said that's a high conservative quote and will be cheaper. Yes even with no pipeline there. Im sorry your numbers don't represent much correctness. But realistically no ones are. Because when it comes down to it. Every number or guess is based on only 12% of the total acreage actually owned. Not sure why you seem to be like this with your numbers. But that's your opinion. This is mine. People believe what they choose though..... Best of luck to everyone

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