Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): RECAF | RCNWF | V.RECO.WT

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 > Reco in demand

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Comment by headtotoeinthe6on Mar 18, 2021 6:04pm

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RE:RE:RE:RE:Reco in demand

I chalk up the disconnect with other oil companies to RECO still being a speculation play and figure the stock price movements will fall in-line with other oil companies 1) if an oil discovery is announced and 2) after the stock price adjusts to reflect the new value of the company, considerate of the amount & quality of oil that’s discovered ... something along the lines of what Craig Steinke predicted for valuing the acreage they own drilling rights to.

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