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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 Cali61on Jul 04, 2021 1:45am
342 Views
Post# 33490348

RE:RE:RE:I saw this on another BB..

RE:RE:RE:I saw this on another BB..Don't post words that I didn't even remotely say. That's truly insulting. I did not say we are blindly searching for oil. We have found shows. We have not found (confirmed) recoverable oil yet. We almost for sure will. The key word is almost. Until then it is still speculative. If you don't know the difference, I can't help you with that. The point is, at this time, there is no way to quantify the value of the stock. It is worth what you are willing to pay for it at this point. I paid a fairly small amount for a lot of shares a while back, but don't tell me it is not still speculative yet at this point. Hopefully in the next few weeks we can say it is no longer speculative.
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