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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | V.RECO.WT | RCNWF

Energy Metals & Mining Oil & Gas E&P Industrial Metals & Minerals
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 > Realistic? Unrealistic? Do numbers lie?
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Comment by NameOfTheGameon Feb 04, 2021 4:07pm
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Post# 32474194

RE:RE:Realistic? Unrealistic? Do numbers lie?

RE:RE:Realistic? Unrealistic? Do numbers lie?

Respectfully unrealistic. This company is not going to have double the valuation of the developed Permian regions in Texas when it is completely virgin. That value may accrue over time, but you will also be facing dilution to finance field development or only receiving a portion of the royalties from farm our agreements. 


It could be good. Great in fact if they strike. But let's keep logical and within reason.

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