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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 pacer001on Apr 20, 2022 2:05pm
209 Views
Post# 34617317

RE:Best buy in Canadian markets....

RE:Best buy in Canadian markets....

Recently I added a few hundred Recaf. Wyn, I think you are right about buying but not necessaryily about hitting oil that may take awhile. I think the big payday for us will come in at a buyout at 2 to 3 times currnt value sooner than later. 

Remmber the majors are coming to this conference and now know about Recaf. They routinely right off a billion here and a billion there in exploratory write offs. So I figure what is a few billion for Recaf that has done a lot of the ground work and found oil? Petty cash to them!

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