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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Comment by TurnToTheRighton Feb 04, 2021 9:10pm

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Post# 32480515

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

I think a lot of people are missing the point NOTG is trying to make, and anyone involved in asset development within the oil and gas industry would agree with him. It is a logical fallacy to linearly extrapolate the share price from a 50MM bbl find to a 12B bbl or 120B bbl find... it doesn't work that way. That's why there are different tiers of driling locations within a asset development plan, hit the low hanging fruit, but with that comes the rule of diminishing returns.

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