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Bullboard - Stock Discussion Forum 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... see more

TSXV:RECO - Post Discussion

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Post by hipfner on Jan 15, 2021 4:57pm

Crazy price

I hope that some news shows up on the weekend to justify it.
Still long.
Comment by hipfner on Jan 15, 2021 5:15pm
Stock trades on France's exchange, so it will be active early Monday. Not a lot of volume today The primary exchange is Canada's Venture, also open Monday. USA closed. Trade volume in Canada and USA Pink Sheets almost equal at 3,33y,.xxx shares. Rather usual, to say the least. Must be a rabid retail following in USA.
Comment by Cancundude on Jan 15, 2021 5:27pm
If it's hydrocarbon rich cores they are pulling up it would easy for a child to see the oil floating on the top of the capture tank. No doubt the geologists on the ground and even the drill crew will see signs of oil and that info will leak for sure. It's Africa and good news spreads fast and the local oil company partner will be buying up what they can. My only concern is if the ground ...more  
Comment by investor55x on Jan 15, 2021 5:52pm
Well, this is not a "crazy price" at all -- when they find what they are drilling for, then 4 or 5 or 10 CAD will be an absolutely bargain in retrospective. GLTA!
Comment by teheran10 on Jan 15, 2021 6:10pm
  agree, you will need your suffix 55x$4 to be closer to the future SP. 
Comment by Commoncents on Jan 15, 2021 7:00pm
You@ve been spot on for months here Teheran. Let@s keep the momentum going.
Comment by Elephants on Jan 15, 2021 7:23pm
I called back in October this would be $3-$5, I still think the $5 is realistic and we will see that soon enough. I keep looking back at the geology and the ST-1 source rock and the well 5 with 40-50 gallons of oil. With a deeper basin, there has to be oil here and being Permian, it'll be a lot. Whatever the price is this month it will be a bargain to what it will be once results are announced ...more  
Comment by Narobioil on Jan 15, 2021 6:46pm
They may release an update to keep people interested, but I do not think that is their style. unless there are delays or rig break downs. I am sure it will be quiet for the next couple of weeks as the only thing to report will be that they set and cemented the intermediate string.  You do not see visable Hydrocarbons in the mud system or cuttings. There is interest in this stock and I see it ...more  
Comment by C6J6Dub6U on Jan 15, 2021 6:55pm
thats a load of bull if I've ever heard of. News always leaks. I'd bet my left testicle on it that the share price moves up BEFORE they announce anything because a secret is only ever kept when it's only known by one person. There's been such an increase of interest in this stock that the shares are actually running low. Yes thats right. the volume difference alone between last ...more  
Comment by scatman on Jan 15, 2021 7:17pm
comment doesnt make any sense. 
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