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 > Jarvie: A trap without a source rock is called a dry hole

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Comment by deepoil0808on Aug 12, 2021 1:40pm

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Post# 33694847

RE:RE:RE:RE:RE:RE:Jarvie: A trap without a source rock is called a dry hole

You call this a bargain?

We have charts, we have words, we have presentations, we have estimates, we have projections, we have potential, we have oil shows, we have everything except for the actual source rock and maybe one (1) barrel of oil as proof given to investors.

How can you maintain a $ 1.4 billion valuation and call this a bargain?

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