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

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Comment by teheran10on Jun 04, 2021 12:36pm

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Post# 33330377

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

I never ever said that 120 bln will be produced. I am estimating that 8-10 Bln will be. Even 4 bln will be great but I'm thinking this is just the lowest level. By the time it's all over, the technology will change so will extraction methods etc.

I'm betting at $150-$250. I have spoken to many experts too and most of them support my estimates.

whatever happens will be fine with me. I just need to make good profits for my family portfolio.

and that idiot Sprod can kiss my brown bum because my family is worth lots of money and that billion is close at hand if my estimates come true.

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