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).

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Reconnaissance Energy (Africa) Ltd > shorts are stubborn

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Comment by derpaon Jun 13, 2021 1:25am

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Post# 33378846

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:shorts are stubborn

17,000 barrels production per day would justify today's market cap just on it's own. The point though is that it doesn't stop there. That could be the case in a couple of years just from one basin that Reco would develop on it's own. Then you have another 4 basins that they could farm-in. And the potential for just the first. basin would of course be much higher than 17k per day. So yes a $5 Billion valuation seems pretty low - a $10B valuation ($60 stock price) is more like it.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?