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 > Heard about this on #wallstreetbets

<< Previous

Bullboard Posts

Next >>

Comment by Redrum180on Jan 31, 2021 10:52pm

240 Views

Post# 32433741

RE:RE:RE:RE:Heard about this on #wallstreetbets

Inadvertent humor:

" ... please don't risk more than you'd be HAPPY to lose."

I can't seem to remember being happy to take any loss!!

The substance of what you wrote is true; so many "can't miss" companies do miss. However, I'm long RECO because if they are successful, the reward to shareholders will come quickly; unlike what I've owned in the gold exploration space where they find gold in the ground but rarely get an actual mining company involved and when they do, it's often more than a decade later that mining starts.

I'm sure a lot of folks here have had the experience of owning some of those!

<< Previous

Bullboard Posts

Next >>

Pro Women’s Hockey League comes to NHL 25 in December