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 > Realistic? Unrealistic? Do numbers lie?

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Post by C6J6Dub6Uon Feb 04, 2021 12:31am

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Post# 32467484

Realistic? Unrealistic? Do numbers lie?

If Haywood estimates a $24 share price with a find of 50mil. What if we get like 12B+ or more like some anticipate. 12B 50M = 240. (Haywood$24@50m)24 240(12B50M) = $5760. Now what if its 120B.... add a zero. This is many years later. And maybe not as cushing of numbers due to farming out. But just try doing the math. It makes me laugh every time I do it.

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