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Reconnaissance Energy (Africa) Ltd V.RECO

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

Energy Metals & Mining Oil & Gas E&P Industrial Metals & Minerals
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
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Post by AUborealison Jun 21, 2021 12:03am
510 Views
Post# 33418805

I'm sticking around for the Dividends.

I'm sticking around for the Dividends.Exxon currently pays, in USD:  Forward Dividend & Yield 3.48 (5.61%)

It's Mkt Cap is $250 Billion.
It has 4 Billion shares outstanding so it distributes $14 Billion/yr.

If we get to 1/10 of the value then ~ $25 Billion in 3-5 years -  we could see RECO paying out $1.4 Billion/yr in Dividends. i.e.1/10th

With ~ 200 million fully diluted shares that would equate to $7.00/share Annually

Or 70% return annually alone in DIVIDENDS from this entry price.

I've got time.
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