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 > Haywood leaked plural JV’s by the 4th quarter 2021

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Post by Flintstone60 on May 08, 2021 6:40am

Haywood leaked plural JV’s by the 4th quarter 2021

From discord:

CSNI

heute um 09:34 Uhr

Haywood leaked plural JV’s by the 4th quarter 2021

09:36

posted on 04/29/2021 All, here is the latest update just received from my broker at Haywood to all his clients holding RECO. Please use this as part of your own ongoing DD only and do not forward it:

“FYI. Just had a call with RECO. This thing is a monster. Seems to me that people still don’t get it. (And to be fair, after one hole there is still risk.) I reckon the stock will surpass $10 again on drilling of the second hole and, if successful, would really ramp up. They emphasized that this is a conventional system – that means it produces light oil under its own pressure, no fracking or stimulation required. Management discussed strategy of bringing in partners (plural) as early as Q4 of this year.” The last sentence is what really got my attention.

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