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 > Bullboards are amusing

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Post by hipfneron Feb 05, 2021 6:01am

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Post# 32481523

Bullboards are amusing

There is no usher at the door, no cover charge and no resumes required for entry.

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RECO has potential, which is why knowledgable people have invested, including management.

Realistically it could be worth $20 with good drilling results.

But speculation and mania can drive that 10x higher. That's reason to hang around.

Anyone who has invested in the 3rd world knows that discovery does not equal success over the long term. I can't count the number of companies I've owned that were destroyed by war, government, terrorism and theft.

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Advancing flagship Ishkõday Gold Project in Ontario