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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 TenneseeOilon Jun 20, 2021 1:38pm
285 Views
Post# 33418074

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

RE:RE:RE:RE:RE:RE:RE:When is the peak expectedI wouldn't think so, however who can say. I have a couple of Limit Sell Orders out there for 50, 90, 125, 250 and 500. But I plan on holding onto the majority of my shares and watching this all play out because I'm inclined to believe eventually this company bays dividends eventually and at my basis I'd like to keep the possibility of that Cash Pipeline wide open. When you sell your shares you can never reasonably expect to recover that previous basis.

The same as this is still a speculative play. (One that I'm very comfortable with relative to my investment size. But the opportunity to literally turn on a Cash Faucet in Ten Years as well as how much room I believe there still is till the top would be irresponsible of me. 

Then again I'm ok with with my position size, a variety of scenarios includidng tit$ up. I already made one weak handed mistake with this stock and I don't intend to make another. Nobody will be able to call this top. It's a multi year, multidecade tons of variables scenario.   
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