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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

Comment by TurnToTheRighton Mar 24, 2021 4:18pm
239 Views
Post# 32868796

RE:RE:RE:RE:RE:Speculation

RE:RE:RE:RE:RE:SpeculationYour second last sentence is EXACTLY why management doesn't want to release results well by well. Most investors have no clue how to value the company or the assets based on the information. Those with industry experince have an idea, but without fully knowing the information can't make accurate estimates. The infomation is useless to 99% of all investors, so why release it other than to give you warm fuzzies, while at the same time creating extreme volatility. RECO management even justified their decision not to release results well by well in order to put themselves in a better bargaining position. 

So please tell me how you would use any information the company released to value the share price. I honestly want your insight into what information you would use, and more importantly, what probability/statistics and economic models you would use in order to come to your valuation? iF you can't give specifics, please stop grand standing to this board to have RECO disclose information.
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