Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): RECAF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the opening of Kavango Sedimentary Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. It holds 90% interest in a petroleum exploration license in northeast Namibia and a 100% interest in petroleum exploration rights in northwest Botswana over the entire Kavango... see more

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TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > if you think about it RECO's share price of 1.60

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Post by scatman on Nov 19, 2020 10:12pm

if you think about it RECO's share price of 1.60

or 2.25 vs. what its worth if they demonstate a working system is meaningless as the stock will be 100x that. So buying here or there or wherever up until they drill really is a function of supply and demand relative to one wanting exposure to the outcome of drilling. I think thats worth a least 2.5 or 3 bucks if the upside is so massive. maybe more given the size of the basin and the probibilty associated with that.

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Comment by AyrtonGraham on Nov 20, 2020 12:25am

Haywood assigned a $2.5/share target risk based on 6% success rate on approx. 1B barrels of oil Imagine what a 50%+ success rate at 10-100B of oil would do

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