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Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd RCNWF


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

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... see more

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > not complicated
View:
Post by peterj99 on Jul 05, 2024 1:50pm

not complicated

If they find oil, price will rise.
if there is no oil, price will drop
Comment by jimgeorge on Jul 05, 2024 2:39pm
Peter, there's another possibility: What if they pretend to find oil with a bunch of gobbledy-gook that sounds like oil but it's really meaningless....oh wait, they did that on the first 3 wells!  "Working petroleum system" haha!
Comment by peterj99 on Jul 05, 2024 4:29pm
first of all my name is Peter not Peter and I hope they find oil not oil
Comment by peterj99 on Jul 06, 2024 7:12am
Hi Jimgeorge I guess we will have to wait a few months and see The important thing is really the share price and as I said, it is a gamble that I am willing to take I concede that you know a lot more than I about the oil industry that doesn't bother me right now I am more interested in quantum mechanics I am not into petroleum chemistry also if I lose my gamble here, my life style ...more  
Reconnaissance Energy (Africa) Ltd