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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 Apr 17, 2021 9:58am
581 Views
Post# 33016847

RE:Some perspective...

RE:Some perspective...Good find, particularily the one regarding the breakdown of qualties of oil.

I am not saying that RECO can't receive a very handsome valuation throughout the exploration and development phase, but regarding the article around reserves, I think the industry and financial analysts are going to have a very difficult time applying a valuation to RECO at various stages of development simply because [I can't think of at least] any analogous situation where a junior E&P may potentially own the entirety of a lucrative basin. It used to happen back in the day with the 7 sisters (or so I've read because I am admittedly not that old enough to be around back then) where one of those monsters would buy an entire basin and priduce it, but RECO seems to be in uncharted territory. I'm very interested to see where this stock goes over the near and long terms... RECO definately seems to be an anomoly.
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