Reconnaissance Energy Africa Ltd (RECAF)

[tdbowieknife]

Was a good listen. Much to look forward too.

.

[loki]

Listen to this

[tdbowieknife]

Finally, a drilling update.

https://ih.advfn.com/stock-market/TSXV/RECO/stock-news/87739457/kavango-basin-exploration-update-highlights-multip

Missing Company Website "HERE" link...

https://reconafrica.com/wp-content/uploads/ReconAfrica-White-Paper-Integrated-Interpretation.pdf



..


.

[tdbowieknife]

Where did you hear that?

.

[xworkndog]

spud in mid May - - hanging out !!!

[nodummy]

RECAF + RUSSIA - Does RECAF have any plans of cutting their ties with Lukoil, the Russian oil company they have partnered with for the past 4 years in Mexico (which btw has been on the US Sanctions list since 2014).

[loki]

Maybe Quater is going to get their fingers in the onshore pie..they already have offshore with Shell.
https://www.gulf-times.com/story/710957/QatarEnergy-signs-cooperation-agreement-with-Namib

[tdbowieknife]

Still not the news we have been waiting for..


.

[theswordman]

Wonder why the Prez of Namibia wants to go there???
$$$$$$$$$$$$$$$$$ dollar question

https://www.qatar-tribune.com/news-details/id/230263/president-of-namibia-arrives-in-doha

[tdbowieknife]

This is supposed to be going up.

Geeezz


.

[trunovice]

Thanks for the reply and I actually do hope this pans out for you all.

[tdbowieknife]

Now that I look, I don't see a follow button for the board anymore.


.



.

[tdbowieknife]

Follower of what? The board? Probably just a software glitch.



.

[trunovice]

I was removed as a follower. Was there a legit reason?

[tdbowieknife]

This is an exploration play. Alot more to it than just drilling a single well. By the way, they have drilled two wells and have done a round of seismic. They are now preparing to dill several more exploration wells and doing a second round of seismic.


.

[trunovice]

Uh... The longest part about drilling a well was funding it...

Uh... The SP here tells the story...

[redrabbit]

Uh, if you really are in oil & gas you may want to look for a new industry to work in, because you don’t know what you are talking about. Their progress is right on track with the industry and their results are even better.

[tdbowieknife]

I wouldn't rely on that. Though I, like others are expecting good news soon with more seismic info and the drilling program. And possibly news of a partnership with a major.


.

[theswordman]

I'm just glad the bowieknife is back to posting. Maybe sign of good things to happen

[tdbowieknife]

I wish they would slowdown with dishing out all this stock.

Jeeeppers

.

[tdbowieknife]

A little slow on the trigger with the halt.


.

[trunovice]

OMG! This thing hasn't done sh*t in a long time. I was in O&G exploration 14 years ago. If they ain't hit nothing yet, they ain't going to. Get out while you still can. Someone is making money on this and it ain't you... Sorry.

[tdbowieknife]

More news. Reconnaissance Energy isn't having any trouble raising cash...

https://ih.advfn.com/stock-market/TSXV/RECO/stock-news/87217113/reconafrica-announces-c-38-1-million-bought-deal-o

Still nor what we all waiting for.


.

[treefroggy]

NAMCOR has, and has had access to all insider information. seismic, drill logs, mud logs - everything. now they want shares.

this strongly suggests that they believe the share price will advance more, or faster (or both) than the value of their ten percent interest.

this is BULLISH for the SHARE PRICE !!!

[loki]

Well NAMCOR at some point would need to come up with 10% of infrastructure costs to move found oil, money they do not have. This is a way to cut costs by half, and have upside via RECON shares. In addition exposure to Botswana oil in the future. They are already privy to information that has not yet been released and they want RECON shares....Extremely bullish all around for all involved IMO

[Amatuer17]

Is this good or bad?
NAMCOR does not have active interest?
Did they back out due to shell oil find?

This means NAMCOR is getting payment for their stake now in shares but do exposure

[loki]

News

https://ceo.ca/@newswire/reconafrica-increases-its-participating-interest-in

[theswordman]

FULL SPEED AHEAD

https://oilprice.com/Energy/Energy-General/Its-Full-Speed-Ahead-For-The-Worlds-Most-Exciting-Oil-Play.html

[tdbowieknife]

RECO was talking of doing that second round of seismic before they saw the results from the first.


.

[tdbowieknife]

Thanks... Yeah, the market didn't get that PR. It was because of the board changes. They couldn't wait with that. RECO through in an operations update along with that, that wasn't what the market was waiting for and took that to mean bad news.

The JV news should be good. I am looking forward to seeing who they make a deal with and for how much.

.

[theswordman]

This is a PDF download if interested. It is the latest Haywood report

https://clients.haywood.com/uploadfiles/secured_reports/RECOJan202022.pdf

[tdbowieknife]

They are waiting for permits.

[Amatuer17]

The fact that they are going for another seismic means they have not seen very strong results from 1st seismic survey.
This also has delayed the well drilling

[tdbowieknife]

Looks like a sell the news day. It might bounce back in the afternoon.

Good luck folks


.

[tdbowieknife]

Well, the seismic looks good and they are doing more. They have decided on well locations as well. Can't apply for permits without that.


.

[theswordman]

Hello ?? Hello?? Anyone

https://www.newswire.ca/news-releases/reconafrica-provides-operations-update-and-appoints-new-directors-866126334.html

[tdbowieknife]

Doc 13

https://drive.google.com/file/d/1N61AkG_K-1bbEKHFKwhWQmtC6L35NkTf/view?usp=sharing


.

[tdbowieknife]

looks like it's down to one lawsuit now. Of the 3, it looks like one was voluntarily dismissed and the other two consolidated.

https://dockets.justia.com/docket/new-york/nyedce/1:2021cv05910/471165

https://dockets.justia.com/docket/new-york/nyedce/1:2021cv06176/471705

https://dockets.justia.com/docket/new-york/nyedce/1:2021cv06864/473256

[tdbowieknife]

Maybe some news coming soon...


.

[tdbowieknife]

Recon will need to take on a WI partner with a major. They will need their capital, equipment, and expertise to developed field production and transportation.


.

[couldbebetter]

Just my own speculation, but once the super-majors become confident that
there are billions of barrels of recoverable oil...I seriously doubt if
those companies or the government officials will allow RECAF to stay
independent. (I could envision that it may end up being the fear of
the stock value moving up too high that could ignite an offer...In
other words, at some point there will be 250 million RECAF shares
outstanding. Each $4.00 price increase is one billion dollars.
At $20 the value would be $5 billion...at $24 $6 billion, and
so forth.) So "before" the share price hits valuations that get
out of control, some super-major may pull the trigger. The governments
will see this as a major source of much needed revenues to help
develop their country.

Bottom line is once the share price hits a certain critical point some
company may decide to pull the trigger rather than miss an opportunity.
Keep in mind that these companies will be able to lobby government
officials to convince them that they could generate revenues far faster
than RECAF. Once that happens it may be game over for RECAF as an
independent company.

[tdbowieknife]

looks like the range for traders to reload is the 4.60 - 4.70 range. That where I have been adding. Should have added again this time but didn't. Thought i might go a bit lower this time.

Think news of the new drilling campaign possibly next week, or week after that.

[nowwhat2]

Boy, I sure hope that someone out there would alert me if this thing were to start to wake up...

i mean, like, I'd hate to lose out on a double (or somwething) just because I don't maintain a good Watchlist

But whatever, regardless......May we all have a great 2022

[couldbebetter]

Futrcash, A most interesting analysis. If any individual oil discovery
proves up anything near a one billion barrel of oil potential, the stock
price would move several multiples of were it is now. Obviously, any
potential JV partner(s) will be pouring over all the data to figure out
what may ultimately be proved up. I am hoping for a selection of an
initial JV partner as soon as practical as it will take time to get to
the point of drilling exploration wells and the more of those that
are successful early on will make it easier for others to follow in
other locations...A process that could go on for many years if
successful! A super-major JV partner has the resources to scale up
more quickly one a discovery is made. The key is to optimize what
is done within a set time frame. Bring in the big boys for that!

[futrcash]

Not sure if this analysis has been posted here yet-

https://www.reddit.com/r/ReconAfrica/comments/r7qhar/recon_africa_a_geologists_interpretation_of/

futr

[Amatuer17]

Year end message from Recon - so no new updates coming now on 2D readings

https://img1.wsimg.com/blobby/go/d53afaf0-187c-44a8-8c07-0d41fde346bb/downloads/ReconAfrica2021YearEndMessage.jpg?ver=1639732820567

[geodan]

Bowie, Correct I have seen this over and over. The percent IB takes is the best indicator, and if Fid and Etrade start taking a lot they there is practically no stock left to short.

Still heavy short on RECAF

[tdbowieknife]

Sounds like extorting jobs to me... Recon has had the blessing of the Namibian Government all along.

So what has Recon done wrong?

Alot of these envirowakos turn molehills into mountains.


.

[Amatuer17]

NG attack on Recon

Oil company accused of drilling in African wildlife reserve, offering jobs for silence

https://flip.it/uvLeEq

[Amatuer17]

It is a good presentation
- he talks about seismic data around 13 mins
- 2nd well data still being interpreted
- Seismic data interpretation going on
- he sounded very confident about success (which should be the case)