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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | RCNWF | V.RECO.WT

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 14, 2021 1:02pm
267 Views
Post# 33382177

RE:RE:What would 10 billion recoverable barrels mean for

RE:RE:What would 10 billion recoverable barrels mean for I don't think anyone who has opinions contrary to your's is necessarily a shorter. What benchmark are you using to determine that 10 billion of proved reserves equates to $150-$250 per share.

Also, when you say Giant, do you think RECO will rival Exxon, ConocoPhillips, Suncor, CNRL, Continental Resources. These are all very different companies and for a few exceptions, generally compare themselves against other companies (Conoco and Oxy are analogous). What will be RECO's peers to benchmark against to determine an appropriate market cap or analogous corporate entity?

I really want to know, and this isn't a negative post, I would just like you to elaborate on your opinion.
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