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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | RCNWF | V.RECO.WT

Energy Metals & Mining Oil & Gas E&P Industrial Metals & Minerals
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

Reconnaissance Energy (Africa) Ltd > Stock Price Potential
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Comment by TurnToTheRighton May 27, 2021 11:21am
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Post# 33275580

RE:RE:RE:Stock Price Potential

RE:RE:RE:Stock Price PotentialThat's exactly the difficult part of validating valuation estimates. The majors, and before that, the seven sisters would buy up entire basins to produce, but they had advantages of huge resources and technical man power. But I can't think of a junior who had such a gargantuan lease.  I also don't know how a junior navigates development of an entire basin, RECO seems to be in a very unique situation, and I don't know if there are analogous examples that we can look at.

Anyone have any ideas on a similar company to RECO's situation?
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