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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

Post by headtotoeinthe6on Apr 17, 2021 8:53am
708 Views
Post# 33016735

Some perspective...

Some perspective...In light of the 6-2 well findings of “light oil”, roughly 660 feet of “oil and gas indicators... in a stacked sequence of reservoir and source rock”, and projected deposit volume of 120 BILLION barrels of oil, I thought these articles would help some people get a better (and hopefully accurate) sense of this stock’s potential.

As more experienced O&G industry contributors to this message board have pointed out, there are a many factors that will ultimately determine the true worth of RECO’s discovery, but I think the talking points covered in these two articles will have a significant impact in determining how large RECO’s can eventually become.

Light oil implications ...

https://www.thebalance.com/the-basics-of-crude-oil-classification-1182570

How 120 Billion barrels of Oil stacks up to other countries...

https://247wallst.com/special-report/2019/05/20/15-countries-that-control-the-worlds-oil-2



Good luck to all with this investment! Except Frank.
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