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

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Post by Hiddensecretson Mar 05, 2021 2:41pm

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Post# 32730169

Oil now at $ 66 per barrel: My target $ 120 to $ 140/barrel

RECO is definitely in a sweet stock as oil stocks are starting to SOAR around the world.

Economies are starting to open up and the flood gates in demand for oil is gonna be HUGE.

It comes just in time in 2021 for RECO to aggressively negotiate a very lucrative deal with oil supply agreement.

My target is oil price of $ 120 to $ 140 per barrel in the next 12 months.

MPO

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