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 ubiquitousmanon Feb 04, 2021 10:00pm

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Post# 32480731

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

People might want to look at the history of Vaca Muerta formation in the Neuqun Basin in Argentina.
Huge OOIP but it takes a long time to get up and producing. Granted, proving up producable oil will make this stock go up multiples. My target over the next 6 mohths is $15 USD if they have some success.

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