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

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Reconnaissance Energy (Africa) Ltd > My 2 Cents.

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Post by curious14 on Apr 21, 2021 2:17pm

My 2 Cents.

Read RECO’s financials.

They seem to be well financed right now.

They also could do a Private Placement with Warrants attached.

I also think they would not have any trouble to get money, not the way the first

well came out successfully.

My thoughts on a possibly partner could also be a Chinese Oil Company.

China needs oil, also they have unlimited money to do Infrastructure.

Anyway, just my thoughts.

c14

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Comment by headtotoeinthe6 on Apr 21, 2021 2:58pm

Sinopec sold some of it’s midstream assets (pipelines) to a (Chinese) state-owned pipeline company for $55 billion just last year. So they likely have that (and more) on hand to re-invest elsewhere.

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Reconnaissance Energy (Africa) Ltd