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 > When is the peak expected

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Comment by Moneycaton Jun 20, 2021 9:56am

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RE:RE:RE:RE:RE:RE:RE:RE:RE:When is the peak expected

And there you have it...new poster has a few positive posts and then starts to do light bash posts to start making shareholderes question their investing plan. I will sell half at 75....15 billion cap...and let the rest on the ride to Teherans target 3-4 years down the road

JakeKowalski wrote: Sure but we know that if they have the oil, they will sell it down the line, so isn't that going to be priced in, in the moment the oil discovery takes place? I am just wary about a situation where the price will spike upon oil discovery and never be as high again?

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