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).

TSXV:RECO - Post by User

Reconnaissance Energy (Africa) Ltd > As to valuation, this is from a Presentation given by

<< Previous

Bullboard Posts

Next >>

Post by AUborealison Mar 17, 2021 1:38pm

414 Views

Post# 32817491

As to valuation, this is from a Presentation given by

Craig Steinke, Co-founder of RECO, in April, 2020.

It is self explanatory.

Simple math. Multiply the number of acres under RECO's control, and then value those acres as they progress in value up the scale from "Hmmm, maybe?" to "OMG!!!"

For the full Presentation go to:
https://www.youtube.com/watch?v=T7Iw6jqaFO0