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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TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > stop the science program

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Post by peterj99 on Aug 13, 2021 11:32am

stop the science program

there may be plenty of conventional oil between 6-1 and 6-2
drill and dril now!
or call in the yanks and let them drill

you have nothing to lose by trying

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Comment by CammerRec on Aug 13, 2021 1:17pm

I am interested inclined to agree with Peter I - drill baby drill - the more drills the better! But on the other hand a more studied and methodical approach could work out much better in the long run.

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Comment by peterj99 on Aug 13, 2021 5:32pm

If nothing changes in a few weeks, everyone will be yelling and screaming for them to drill

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Comment by Chas15 on Aug 13, 2021 5:55pm

No, you'll see sub $4 share price again, if not worse. They hyped it up so much, they talked the talk - now it's time to walk the walk. Show factual results or else the SP is going to crater. Which it's already doing.

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Comment by Moneycat on Aug 13, 2021 6:05pm

Well that was a $hitty week.....looks like this is going to keep getting walked down 40-50 cents a day. For those technical traders I have a question...we had an ATH of 13.84. Where might this settle if we don't get news for another month ?? 1

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Comment by Chas15 on Aug 13, 2021 7:20pm

As you can see by my previous posts, especially when the latest Nr was released - I was expecting $6. But as things get ironed out, it will likely go lower. $4-$5 is a reasonable guess IMO. The thing that concerns me is - what do they necessarily release to calm the storm? "We have oil"...? We know they have oil, people aren't patient enough to see where this will go in two or three ...more

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Comment by TenneseeOil on Aug 13, 2021 8:15pm

I think Recon is getting to the point where the stock price is becoming a distraction. They may as well continue on with the work. 2D Seismic and two additional wells is what matters. The US and Namibia are dealing with Covid Run Amuck

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Comment by Zoolanders21 on Aug 14, 2021 2:33am

If you have patience buy warrants good for 3 years!!

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Comment by Buyhigheatchips on Aug 14, 2021 7:09pm

Could as easily resume an upward trend as panic oversell quickly burned itself out. Guaranteed a bunch of money has its finger over the buy button trying to sense the bottom.

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