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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 > Look at all that oil
View:
Post by Bpultra on Nov 16, 2021 11:14pm

Look at all that oil

Comment by Seraphim1 on Nov 16, 2021 11:42pm
Love it. Unfortunately Jimmy Georgie is going to have a stroke seeing that. After all he said Reco was a scam. Haha. What a paid moron. He's constantly changing and evolving his story, but many of us remember him showing up on this board calling this company a fraud and a scam. Suddenly today he's holds a doctorate on seismic interpretations when really he's a janitor at an ...more  
Comment by Matteo1234 on Nov 17, 2021 4:16am
Thats conventional. Just stick a straw in there and suck it up. Put a pipeline in and Pappy goes BOOM?":>{}+_)(*&^%$#@!@#$%^&*()_+ Stayhard
Comment by pacer001 on Nov 17, 2021 4:05pm
I don't even think we have to wait for a pipeline. Namibia is further along than I though with railroad beefing up and development-plus there still are roads but not ideal. Anyway big oil will quickly lead to big development and big profits!
Comment by JohnnyDoe on Nov 17, 2021 4:41am
so if you take away the written text, are you personally able to interpret that picture? And if the answer to that is no, how do you know the interpretation you found elsewhere is correct?
Comment by Bpultra on Nov 17, 2021 8:53am
====== How do you know its not?    I assume you drive your car on wheels.... can you tell me how that make the tires ?   
Comment by Kyle61452 on Nov 17, 2021 10:48am
Seismic data can only show structures like faults, anticlines, sinclines, and subsurface layer geometry. It can show only the POTENTIAL for oil accumulations. It cannot explicitly show oil in place. Fault lines can be a place where oil accumulates but only if the fault slips shift a conductive layer of rock to a non conductive layer or cap rock. If there was oil migrating in a carbonate layer and ...more  
Comment by TurnToTheRight on Nov 17, 2021 12:25pm
Thank you @Kyle61452, you hit the nail on the head. We can't put too much weight on the seismic results, and everyone needs to understand the value of the information. This info allows RECO to select the most promising and highest change of success well placement, but the seismic cannot be used for any type of quantitative analysis (especially about the quality and quantity of oil and gas ...more  
Comment by JohnnyDoe on Nov 17, 2021 10:59pm
I don't know that the interpretation is correct or incorrect, I'm not educated enough in the disciple to know. Neither are you. As a result I'm cautious. What I'm not doing is endlessly pumping this thing trying to make a buck off people that are susceptible to the pump. Everyone has to earn a living some way, I'm glad I earn mine differently than you
Comment by Bpultra on Nov 18, 2021 9:20am
-------------- anyone been here long enough knows I do not pump stocks... I hold long and trade around them .... lots of fud out there .. and you are 100% right to be cautious... do not  play with money you cannot afford to loose...  and maybe a mutal fund maybe a better choice for you ..and let someone else invest your money... this is a risky  play but is getting ...more  
Comment by JohnnyDoe on Nov 19, 2021 6:24am
hold long and buy the dips and trade around them. Hold a long block and pump the the short block. What's the difference. Look at the title of the thread you created. Your pumping something you don't understand. The pump and trade the short block is what you understand. I'm playing with house money that I will let ride until this hits or busts. I've been playing the markets for 30  ...more  
Comment by Bpultra on Nov 19, 2021 10:57am
----- well what I do not play the short game ... and the title is to offset some fud from our ducky freind .. and con crats on 30 years .. but everyone has thier own style of trading ... so to each their own does mean mine is right or wrong as is with yours...I hold long and trade around it .. always have and always will ... in 30 years you would think you would understand what I am saying .. ...more