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).

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Reconnaissance Energy (Africa) Ltd > Some Big Numbers...for comparison

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Comment by TurnToTheRighton May 14, 2021 11:20am

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RE:RE:RE:RE:RE:RE:RE:Some Big Numbers...for comparison

So under what scenario can you justify $150 SP ($30 billion market cap) in 2 years? How much production do you think there will be in 2 years?

There is always the possibility of investor speculation driving the price to $150, but can we all PLEASE stop trying to justify speculation with any semblance of reason or extrapolation of legitimate estimates (like Jarvie's)

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