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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | V.RECO.WT | RCNWF

Energy Metals & Mining Oil & Gas E&P Industrial Metals & Minerals
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

Reconnaissance Energy (Africa) Ltd
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Post by pacer001on May 19, 2022 4:15pm
135 Views
Post# 34696430

So much for all those nasty negative Recaf articles ...

So much for all those nasty negative Recaf articles ...

... we were up almost 6% today US!

Some short/s obviously spent some time and money on those big nasty recent articles with such gems that "Recaf is spending a lot of money".

Freaking of course they are! Exploration companies SPEND money - they don't make it till a partner / buyout. And that is what will happen here sooner than later. The question is s as t what multiple? 2,3 or more times the current valuation?

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