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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

Reconnaissance Energy (Africa) Ltd > Environmentalists groups...
View:
Post by werROBINHOOD on Jan 27, 2021 7:29am

Environmentalists groups...

....in Canada and Africa are starting to make noise. I was reading some of the comments made by the company when talking to the locals and they highlighted many times fracking would never take place and be a possible threat to the ground water. Now every company investors conference or company interview I have listened and read, clearly they have promoted the fracking opportunity available as well as conventional. These kind of discrepancies can really destroy the credibility of the company.
Comment by investor55x on Jan 27, 2021 7:46am
No, it can't. Because the company have made it very clear that this will be a conventional play, listen to the API Houston conference (november 2020).
Comment by werROBINHOOD on Jan 27, 2021 7:59am
That's my point. The messaging is not consistent. The official statement is conventional but I have heard them many times talk about conventional and unconventional. The company has given dozens of interviews. At the end of the day I am sure the project will move forward am just saying it's another issue that could unfortunately cause some headaches. 
Comment by Flintstone60 on Jan 27, 2021 8:25am
Please do not make the same mistake as the environmental goups. These groups lie permanently, cause they have an agenda. Firstly, ReconAfrica is searching for CONVENTIONAL traps through their upcoming seismic survey and the next test drillings. IF they find no CONVENTIONAL traps (very unlikely) they probably are looking for UNCONVENTIONAL regions. This is the timetable, NOT both at once. Only ...more  
Comment by werROBINHOOD on Jan 27, 2021 9:18am
Ha! Everyone lies. Lol. I just don't like inconsistent messaging and that could affect both sides of an issue. Maybe they have no plans to frack but that's not the impression they give when talking about the potential. Everyone talks out of both sides of their mouths, its just we tend to only hear the side which favors our own goals. 
Comment by Ebenizer3 on Jan 27, 2021 10:13am
yeah lol those environmental groups are sure passionate about there hypocrisy!!! Everything they use is petroleum based. The charge from the environmental wackos is they are drilling and fracking on the banks of the kavango delta, answer is no. At this point they have an exploration license. And if people actually listened to the presentation in Houston Doug Hill was asked a question about about ...more  
Comment by Ebenizer3 on Jan 27, 2021 12:14pm
and as for the infrastructure question when the EF started there was no storage or pipelines close by, having been there hauling for eog they trucked it to rail head in Gonzales, gardendale by cotulla, we trucked to port o'connor, aransas pass and loaded it on barges, off loaded at the refinery in three rivers, not to mention the roads that were built on all these ranches. The Permian basin ...more  
Comment by Strod on Jan 27, 2021 8:30am
Morning Coco, sending everyone to sleep again with your drivel?
Comment by werROBINHOOD on Jan 27, 2021 9:21am
Hey Crusty top of the morning to you as well. Well like what I say or not at least I can string more than a few words together to make a coherent sentence. But ya I know almost everyone is a clown. Happy trading. 
Comment by Strod on Jan 27, 2021 3:47pm
Just for you Coco, the king of clowns. Mid December I said how I thought, probability wise nothing for sure, there was another flush down to 1.40-1.65 and we got it. No crystal ball just years of watching charts. I think we have that probability again, of course could be wrong and that is another scenario I have that I will trade. But if we flush down which I think is more likely presently, evil ...more  
Comment by Letsmake1 on Jan 27, 2021 8:43am
Gotta call you out on this one RH on the Scott Evans Al Jazeera interview(perhaps the most global stage the company has ever spoken on) Scott emphatically stated "We are not fracking in Nambia, we have never had any intention of fracking in the Kevango" I understand you want sp to dip today as it is your intended strategy as you have previously stated but please stick to the truth...no ...more  
Comment by Letsmake1 on Jan 27, 2021 8:49am
Watch at 12:57 https://archive.org/details/ALJAZ_20201031_093000_Counting_the_Cost/start/1620/end/1680
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