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

Reconnaissance Energy (Africa) Ltd > Fair Market Value: $ 720 billion (Shorts to be FRIED)

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Post by Hiddensecretson May 31, 2021 1:31pm

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Post# 33296700

Fair Market Value: $ 720 billion (Shorts to be FRIED)

To all Longs

The fair market value of RECO stock is to be determined as follows:

Fair market value is $ 6 per barrel of oil

Total potential oil: 120 billion barrels of oil

Fair market value: $ 720 billion

That means we go up 720 times from this $ 8 level.

Lets fry the shorts.

mpo

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