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Bullboard - Stock Discussion Forum
Reconnaissance Energy (Africa) Ltd
V.RECO
Alternate Symbol(s):
RECAF
|
V.RECO.WT
|
RCNWF
Energy
Metals & Mining
Oil & Gas E&P
Industrial Metals & Minerals
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...
Botswana over the Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (km2) (6.3 million acres) of oil and/or gas exploration properties comprising Blocks 1719, 1720, 1721, 1819, 1820 and 1821 situated in the Kavango Basin of northeast Namibia (the Namibia Licensed Property) and approximately 7,592 km2 (1.88 million acres) in Botswana (the Botswana Licensed Property). The two licenses together comprise over 32,933 km2 (8 million acres).
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TSXV:RECO - Post Discussion
Reconnaissance Energy (Africa) Ltd
> Reco
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•••
bartno12001
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Post by
bartno12001
on Aug 29, 2024 9:06am
Reco
News release shows nothing. They have drilled 2400 metres. Nothing. ..
If they don't find anything by 3000 metres there's nothing there
I have a feeling this will come down today. Maybe 52 week low..
(111)
•••
666999
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Comment by
666999
on Aug 29, 2024 9:42am
I remember years ago, when Reco was advertising on Yahoo finance and share price had massive spike from 0.80, of course it was just a lottery ticket, who was smart has earn nice $, will now be different, learn on this type of investements, on other hand AXL is on path to 10.000 bopd, making nice $, mgmt has sold 8 companies for a profit, this is now 9th, experience and quality mgmt is receipe for
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