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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 JohnnyDoeon Jan 16, 2022 8:15am
283 Views
Post# 34321387

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Interesting review

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Interesting review
ZaPhiCa wrote: Bro I like you but you are making an a$$ of yourself on Discord. These guys are eating you alive there. Too bad JG didn't post his questions there. Maybe he did? 

there is some serious group think going on on that discord server. Any one without a "to the moon" Outlook is challenged. Obviously there e are some highly qualified people there but there's a ton of assumptions in the analysis. The analysis may well prove to be correct and I seriously hope it is but what concerns me about the discord is the group think. The stock is not moving. Brokerage houses are calling for up to 50 bucks a share per billion barrels with detailed analysis saying we may have several billion barrels in one of five sub basins. But we're at 7 bucks.
the Shell discovery is very encouraging
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