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Reconnaissance Energy Africa Ltd. (RECAF)

Other OTC - Other OTC Delayed Price. Currency in USD
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1.3600+0.1400 (+11.48%)
At close: 3:59PM EST
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  • S
    ShootDaMoon
    I don't know why Yahoo deletes my posts with links. I tried to post a link to the Russian Arctic project for 5B tonnes which I believe is 34B barrels. Singapore's Trafigura has bought into 10% but I don't how much they paid. The scope of this project is huge. I can't post the link because of Yahoo. Just Google Russian Arctic Roseneft Vostok. This one is really interesting.
  • k
    karl
    Bounced back in 1 day after sell-off, probably gonna keep happening until first well results are out. Not even bothering to look at price until January.
  • J
    Josh
    why is this dropping?
  • C
    Chris
    The Namibians have 3 branches of the military, why not add a fourth? I think a branch dedicated to protect the environment would be incredible and perhaps unprecedented. Look, if we prove there are billions of barrels the government will want to monetize. I am extremely excited about what we are about to do but there must be accountability, penalties, and punishment for careless and or negligent extraction which harms the environment. I am still learning about the oil industry and am unsure how clean extraction impacts the bottom line. My intuition tells me at $60 a barrel there is room to spend $10-$20 of it on mitigating pollution. Water can be cleaned, people and animals can relocate while operations are underway.
    Bullish
  • C
    C6J6Dub6U
    Where is the ship?
    General Cargo YELLOWSTONE is currently located at CARIBS - Caribbean Sea at position 13° 56' 6" N, 63° 53' 17.412" W as reported by MarineTraffic Terrestrial Automatic Identification System on 2020-11-25 00:47 UTC (6 hours, 6 minutes ago)
    The wind in this area at that time blows from East direction at force 5 Beaufort.

    Where is this vessel going to?
    The vessel departed from HOUSTON, US on 2020-11-17 20:07 LT (UTC -6) and is currently sailing at 13.2 knots with East direction heading to WALVIS BAY, NA with reported Estimated Time of Arrival at 2020-12-10 12:00 LT (UTC -6) local time (in 15 days, 11 hours )

    What kind of ship is this?
    YELLOWSTONE (IMO: 9225251) is a General Cargo that was built in 2002 (18 years ago) and is sailing under the flag of Marshall Is.
    It’s carrying capacity is 37420 t DWT and her current draught is reported to be 9.8 meters. Her length overall (LOA) is 185.5 meters and her width is 29 meters.
  • B
    Burning_Cash
    Should have bought more when it dropped to 1.50 CAD today, but hesitated to pull the trigger. Still nice to see us closing in on the 1.80s. Took a small position below 1.00, which I increased substantially on Monday with an avg. price now of 1.73 CAD, 40.8K shares in total.

    Some very helpful comments here which helped me make my decision. Catalysts soon, will be watching :)
    Bullish
  • p
    pepelapew87
    Citibank predicts $60 per barrel next summer, timing couldn’t be more perfect for recaf, if a JV occurs
  • p
    pepelapew87
    Local and regional elections in Namibia are being held tomorrow, wonder if the outcomes of these could be a threat
  • J
    Jonitis
    Did people see at 11:52am ET, someone purchase almost half a million shares (chart)? That's massive!
  • k
    kristen
    The rig is supposed to be on board the Yellowstone , Tracking yellow stone car go ship not to far from Barbados heading to walvis bay eta 16 days 🚣‍♀️
    Neutral
  • k
    karl
    Share your thoughts; The best case scenario for us is that the first drill hits, money comes pouring in, we eventually uplist to Nasdaq and get a 5-1 or 10-1 split and hold for dear life. That seems like the best case scenario IMO, what about you guys?
  • J
    Jonitis
    Hi all,

    Here's the article from the Namibian Sun (thanks to Flintstone60) for those concerned about the environmentalists from last couple of weeks, they held a 5 hour meeting and will continue as planned (with the caveat of no fracking for the moment, but that's only for any unconventional play)
    https://stockhouse.com/companies/bullboard?symbol=v.reco&postid=31939019
  • C
    Chris
    Oh boy, I have been reading about how the beautiful area around our proposed wells will be impacted.  I personally think the elephants may find all the new infrastructure quite interesting.  I do hope however that in the event oil is found, it is extracted in the cleanest way known to man.  No spill no animals ill...
    Bullish
  • C
    Chris
    I am curious, how or why did the major players pass on this basin?
    Bullish
  • N
    Niq
    Video of the Houston presentation

    Here is a video of the Houston presentation. Technical but good stuff.
    The company starts at the 07:30 mark.
    https://vimeo.com/480128335

    Well worth watching
    This is "American Petroleum Institute - Houston Chapter - ReconAfrica Presentation - Nov 10, 2020" by ReconAfrica on Vimeo, the home for high quality videos…
    This is "American Petroleum Institute - Houston Chapter - ReconAfrica Presentation - Nov 10, 2020" by ReconAfrica on Vimeo, the home for high quality videos…
    player.vimeo.com
  • p
    pepelapew87
    Lots of profit taking today
  • f
    fred
    I believe that opening up a major new petroleum basin will offset the currently unfavorable economics for development. Any thoughts?
  • A
    Andre
    I had hoped they would put out a NR saying the rig was underway which may have saved them from having to explain the recent price & volume increase, but I guess that news alone wasn't worthy of a PR in their opinion. I think when the rig arrives we will get a PR with further guidance on a spud date - all catalysts to the upside for us. Still good value here.
  • J
    Jack
    So, my Christmas wish list for RECAF:

    1. They find Hydrocarbons, in seriously significant quantities.
    2. The Geologic Thesis is proven and their Data Library increases greatly.
    3. The Stock moves up. A lot.
    4. They Uplist to NASDAQ
    5. They split 10-1, to increase the Float
    6. We get serious Institutional attention...and Holdings
    7. They sign JV with a Major...and PUNCH THAT CONCESSION LIKE SWISS CHEESE!

    Since, the early Longs here are feeling a bit Euphoric today.

    Which is a nice feeling, even briefly, given the current environment we are all living in.

    So, stay safe everyone...so we can spend our gains, hopefully, later!
  • A
    Anonymous
    from stockhouse:
    Google maps time lapse of the pad under construction at exploratory drill site #6-2.

    https://twitter.com/i/status/1329528519110635521