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).

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Reconnaissance Energy (Africa) Ltd > To value RECO: calculate $ 6/barrel (how many barrels???)

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Comment by teheran10on Jul 10, 2021 11:28pm

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Post# 33527333

RE:To value RECO: calculate $ 6/barrel (how many barrels???)

Good Morning from Africa

InshaAllah,
You are the most optimistic investor Hiddensecrets I have even known, and I am the second one here I guess, with calculating so much value per share. If we recover 12bbo we are still at about $250 level. That is my estimate. This is what I know from speaking to various people in the know.
Anyhow, we shall see.

$150-$250

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