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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

Post by Shirs1on Aug 18, 2021 9:44pm
354 Views
Post# 33728388

Interesting times

Interesting times

It's been quite a rollercoaster since the NR two weeks ago. I believe unfortunately RA backed themselves into a corner with trying to provide too definitive a timeline on data releases and I also think the IR guy did a terrible job in managing the narrative. That being said the absolute BS spouted on this site should not be taken in anyway seriously by any investor who is willing to play the oil and gas speculative investment game. 

the proposition of this play has improved (with the limited data released to date), the sheer size of the acres at play increases the likelihood of success in time and one thing is for certain sure nobody knows what they have until you drill the wells. That goes for the most proven basins in the world, the best in the business don't know sh1t until they drill, seismic can be misleading and inaccurate, you can miss giant fields by a few hundred feet and all
too often companies give up on a decent concept to early and another company swans in and hits it big. No one here knows anything and the only time any of us will know is if the company hits it or they run out of money trying. 

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