Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by bovalenaon Jun 24, 2021 10:57am
282 Views
Post# 33441248

Permian Basin Twin

Permian Basin TwinI live on the edge of the Permian Basin in Sweetwater Texas, and unless you have driven through the heart of it and seen the 100 year production history and the phases of oil extraction that progress from conventional to unconventional (I know that word is not allowed) over that 100 years you cannot understand what it is that RECO has found.  If you want to understand this get on I-20 and drive from Sweetwater to Big Spring  on over to Midland the Odessa then Monihans and cut down through the Deleware basin to I-10 and go for a swim at the State Park in Balmorrhea.  It is the industial might of America.  No other way to put it.  If the stacked source rocks and shales are indeed 500 to 1000 feet deep at a depth of 30,000 feet then to simply say we have found an active petroleum system is the understatement of the century.  It will produce large quanties of oil for centuries.  New wells are being drilled everyday out here in this 100 year old discovery.  I only have a small position and unfortunately missed on this stock after it was presented by a friend Uncleson to me at 35 cents.  I was too busy chasing gold!!!  I will hold my small 5000 shares forever!  I 'm with Richard Russell," better to by a small amount of something special as you are much more likely to hold it forever than large blocks that provide too much temptation of rapid gains leaving you stranded at the station as the locomotive steams off!!!! " GLTA
<< Previous
Bullboard Posts
Next >>