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Reconnaissance Energy Africa Ltd. (RECAF)

Other OTC - Other OTC Delayed Price. Currency in USD
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4.0165-0.0935 (-2.27%)
At close: 03:59PM EDT
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  • B
    Bobcat
    Going back to some of the original company statements on the Kavango basin. I believe they said that there is no sedimentary basin in the world this deep that has not been a major oil producer. I don’t believe anything has changed.
  • R
    Rawhide
    Recon Africa drilling schedule for the year includes P33, P23, 6-2 and P32. The site for P33 is clear with what appears to be the shadow of a large crane in place.

    Right now Recon is waiting on 2 more permit approvals for P33 expected to be ready in several weeks for drilling to start. Bureaucratic red tape takes forever in Namibia. That is the biggest obstacle to timely execution of plans. Recon Africa is ready to drill as fast as the system allows.
  • J
    JT
    Courtesy of Nolan on the discord server:

    "nolan — Yesterday at 12:46 PM
    I asked IR a couple questions yesterday regarding permits and drilling. Here is some info they gave me:
    - P33 is the next location (we already knew that I guess) and they believe there are 2 permits left to be approved before drilling starts there. they are confident they will be drilling in the next few weeks. I would take a guess the most complicated permits were the ones needed to clear the land and build the pad area, which is what they are doing now. Someone from the O&G industry would know more about this than me.
    - As of now, the order of drilling locations is: P33, P23, sidetrack 6-2, 2-7, P32. They also said that is as of now and that it will most likely change as things move forward. I guess as they learn more from the new drilling results and also the new seismic?
    - they are making good progress with the overall permit process for most of the locations. The actual drilling permit itself is issued towards the end of the process."
  • J
    Jim
    EU Launches $220 Billion Drive to Ditch Russian Fossil Fuels. The European Commission unveiled its 220 billion plan to end its reliance on Russian fossil fuels by 2027, consisting of $120 billion for new renewable projects, $30 billion for power grids, and $59 billion for energy savings and heat pumps.
  • S
    Smertilo
    they are starting to move in, a lot of prep going on be patient and good luck to all
    this will be a game changer for this country!
  • R
    Rawhide
    Got one more 4 dollar purchase in today. Satellite imagery shows that the P33 site is almost clear of vegetation now. Expecting that as we get closer to drilling we won't see this price again.
  • R
    Rawhide
    P33 site currently being prepped for drilling. Drilling should begin before the middle of June. It's been a long wait, but once drilling starts, it ain't stopping.

    Patience.
    Bullish
  • J
    Joe
    While I eagerly await the beginning of drilling, I also wonder why the government would not approve these permits more quickly since it is in their best interest through Namcor to prove up these resources. Been long since February 2021 and added 3 times. I'm sure the Recon team is also frustrated that the drilling program has been delayed a quarter, but realistically they can't complain openly and criticize their benefactors/ Namibian government. With all that I've read and all my due diligence it is hard to believe more big players have not jumped in. The possible reward is greater than almost any stock out there. What gives?
    Bullish
  • K
    Kenneth M.
    Calling all RECO investors. If you have been hurt by Anson Funds - make a complaint to the DOJ: https://www.justice.gov/doj/webform/your-message-department-justice
    Your message to the Department of Justice
    www.justice.gov
  • V
    Vladimir
    Detailed Report on how Anson Funds attacked Recon Africa

    Some high level investigation into the nefarious tactics Anson Funds used and continues to use in its attack on Recon Africa.
    Full report it here: https://marketfrauds.to/anatomy-of-an-anson-funds-short-distort-attack-recon-africa/
  • R
    Rawhide
    Grayson at the Africa Energy Summit today:

    *Buy as much of our stock as you can...
    *Starting in the next couple of weeks we'll be drilling again.
    *We'll be drilling three to four wells this year.
    *We've got 75 million dollars in cash to fund both the additional seismic programs and the drilling program
    so we're fully funded with a very exciting set of events and activities to take place for the remainder of
    the year.
    *The target P33 will be our first well that we'll start drilling in the next several weeks to a month. It's got
    799 million barrels of OOIP which we're going after.
  • J
    Javier
    We have Satellite and YouTube confirmation that the P33 site has ben cleared, in just few days we will be drilling, they must be moving the drill right now.

    We are back!
  • A
    A.C.
    Happy happy super duper Monday !!!!!
    Recon Africa begins drilling in a few weeks , than they will work on the expiring of the Warrants and afther that they will uplist
    Stockprices will be above 10 CAD Soon !!!
  • J
    Joe
    Latest finding from Thorjack on oil from Mulden in west basin is 20 billion barrels not risked
  • S
    Said
    Price appreciation due to upcoming drilling: DENIED; said who? Said naked shorting; keep your bets on the table until they announce Drills results…you win all or lose it all
  • I
    Ian
    Satalite image on Reddit showing prep for site 33
  • N
    Nathan
    Just a reminder that on May 18 2020 this stock was only .56 CAD. That’s only 2 years and I day ago.
  • G
    Greg
    I have posted Grayson Andersen's presentation on Reddit - Recon Africa at the Africa Energy Summit - London 2022 - Grayson Andersen Presents - https://www.reddit.com/r/ReconAfrica/comments/us3ae5/recon_africa_at_the_africa_energy_summit_london/
    Bullish
  • L
    L.A.
    We got net pay and a concrete plan for drilling. Drilling will be happening in a few weeks to a month (Grayson). Finally the wait is over!
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