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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 derpaon Jul 06, 2021 4:45pm
237 Views
Post# 33500466

RE:RE:RE:Who is Jimmy ?

RE:RE:RE:Who is Jimmy ?The issue of commerciality has of course not yet been settled. We as investors have to weigh the objective evidence together with the statements of the people running the show. What I see is very promising evidence together with "under promotion" of this evidence by the people running the show. They didn't go "bamboozle" after seeing oil in the first well with the exception of the Namcore CEO who (justifiably) couldn't hide his excitement. The RECO team has been reservedly excited. They said they plugged the first well temporarily instead of doing a song and dance about it. So this is certainly not a pump & dump. They are dotting their i's and crossing the t's so as to solidify their case and get as much data to built up their value (which is ours as well). What else could we as shareholders ask for? Would a quick premature TO bid please the majority of us? Doubt it. So while waiting can be nerve-racking, please bear with the team's effort. The risk reward is greatly skewed in out favor.
Glta
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