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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Comment by Hotshot85on May 31, 2021 2:28pm

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

you are right it can be higher but primary receovery of petroleum hydro carbons typically does not exceed 10%. Most of the time after that its Enhanced Oil recovery (EOR) or secondary recovery methods. Water/polymer floods. You can even get into tertiary recovery, Gas or CO2 injection as well. All of these as long as the rock properties allow for it can increase your recovery rate.

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