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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 Yolostaron May 08, 2021 11:21am
343 Views
Post# 33159701

RE:RE:RE:RE:RE:RE:ceo getting a little exercise.....

RE:RE:RE:RE:RE:RE:ceo getting a little exercise.....I'm definitely no specialist, but I'd be shocked if this was smoke and mirrors....as was mentioned RECO has gained a lot of traction over the last 12 months, but this has been a project over a decade in the making. The point of having a world class team with skin in the game is very true...and they're not 30 years old, these are men that have had massive success, close to retirement, and that want to cement their legacy as well, not to mention the potential of generational wealth. And let's be honest, most if not all investments into ROE have everything to Botswana and nothing to do with Mexico...as the 10 cent stock price reflected. ROE stock price movement mirrors RECO's for a reason. ROE and RECO are stronger as one (especially for ROE). The announced conversion hurts ROE, but the company had debt to repay. And now u have all of Africa on board wanting this badly, and ASAP. I think the extra 36 million is simply to accelerate the process, and the RECO and ROE merger means when they do JVs or get bought out, everyone wins in a HUGE way. ...and my last opinion, when RECO realizes max value in the next 6 to let's say 18 months, they get bought out. The Hall of Fame team retires wealthy and cement their legacy as the GREATEST OIL PLAY EVER, and they turn the operation over to the pros of production, as RECO is only a junior exploring team ( albeit the best one ever!)
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