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 > Easy gamble....

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Post by Wynjoe on Jun 28, 2022 8:29pm

Easy gamble....

Reco is drilling. There's a very high probability of a commercial find. Why not throw a few bucks at this play?Definitely should go north of $6.35 in short order. I see an easy $15.00 plus s/p instantly on a huge discovery,and that's a strong possibility. BUY BUY BUY!!!

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Comment by Maxmoe on Jun 30, 2022 1:30pm

I have a reason to avoid. You won't like it but I've seen it over and over and over. Unlike exploration in USA,Canada,North Sea etc. if you actually do make a major discovery in virtually any non G7 country, it will be confiscated or taxed to the equivalent of confiscation or forced into taking "local partners" at egregious terms. So good luck anywhere in Africa, Southeast Asia ...more

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