Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): V.RECO.WT | RECAF

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 > Is Neil for real or just another Recaf gimmick?

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Post by pacer001 on Jul 21, 2023 2:47pm

Is Neil for real or just another Recaf gimmick?

Good catch rock trader, thanks for this important info.

Mr. Neil Steinberger, supposedly now Recaf's director of drilling, etc. is a very interesting fellow to say the least. He has overcome many personal and business challenges. His radical theories and new approaches to very profitable fraking were widely scoffed at in the beginning by oil industry experts and never were appreciated early on like a lot of other great inventors.

However it is not clear how his great talent and enterprise will find a vehicle in Recaf. It supposedly can't frac by Namibian law and is doubtful Namibian geology even lends itself to fraking. Fraking has been extensively tried in many places around the world, notably Poland, with pitiful results.

So the big question for us investors is this: is Neil's involvement with Recaf for real or just another ploy by Recaf to boost its very troubled stock?

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