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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 TurnToTheRighton Jun 04, 2021 11:46am
257 Views
Post# 33329955

RE:RE:To value RECO use: $ 6/bbl of oil * how much oil????

RE:RE:To value RECO use: $ 6/bbl of oil * how much oil????This is exactly my point T10, Jarvis has repeatedly estimated 120 billion bbl IN PLACE, no one disputes this, and you seem unable to understand that only a fraction of these barrels will ever be produced. This is an example of you not being able to properly use the data given to make informed posts or conclusions, and when someone challenges you you say "I trust the experts" without actually understanding what the experts are saying. Jarvis has NEVER said that 120 billion barrels will be produced or that they will be booked reserves, only that those barrels are estimated to exist (that's called OOIP - and I would ask you to explain to me what OOIP means, if you are unable to, you clearly don't know how to use the info the experts are providing)
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