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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 > The last big oil discoveries were …
View:
Post by pacer001 on May 02, 2023 6:33pm

The last big oil discoveries were …

... long ago! 


From the OP site:

"

8 The last big ones

Most of the massive oil field discoveries in the world were made before the late 1980s. Since then, discoveries of huge fields have been negligible in terms of numbers. In fact, the only really big oil discovery in the last 30 years was the Kashagan field in the Kazakh section of the Caspian Sea. The field has a maximum production capacity of 380,000 bpd, which was hit in 2019. Its development has not been free from trouble, cost overruns, and delays, but it continues to contribute a substantial part of Kazakhstan’s oil output."

Comment by pacer001 on May 03, 2023 2:59pm
So in 40 some years there has been only one blockbuster oil discovery. So what makes y'all think that Recaf will have one with odds so very, very bad?
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