Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Flintstone60on Apr 26, 2021 2:37am
627 Views
Post# 33065040

Re. news: Hidden hints

Re. news: Hidden hintsVery nice, things are moving forward.
What immediately jumped out at me with this news:
1.) The shaft of the first well was only "temporarily" covered. This is again a hidden hint, 100%. This means : Look here, we HAVE found there commercially recoverable oil/gas and will produce that !!! Great !
2.) Finally the IR is strengthened and expanded. I always had the impression that this area could be improved, e.g. to attract more investors etc.etc..
3.) For the first (!) time the most common O&G abbreviations are included in a ReconAfrica News, although not found in the whole text yet (!): I.e. second hint : Look, we might use these abbreviations in future news, get familiar with them already. 
4.) The options are issued at the current market price: good price support !


<< Previous
Bullboard Posts
Next >>