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Reconnaissance Energy Africa Ltd. (RECAF)

Other OTC - Other OTC Delayed Price. Currency in USD
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3.6800-0.0850 (-2.26%)
At close: 03:58PM EDT
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  • G
    Greg
    New Tweet from Recon Africa - There will also be an article published in New Era tomorrow. https://twitter.com/recon_africa/status/1544674667239202822?s=21&t=uN1AVhH6S-IoSrwkEkKRHw
    Bullish
  • D
    Dave
    Oil is down a lot today and seems a lot of wash over into this stock thinking it is an oil play like the majors. So down a bit. But just not a good stock to short. The probability of success on a seismic identified structure is supposedly 70% and in this case the next 4 wells will tell whether the same holds for this area. So this oil play is about how much oil is found as major variable versus the current oil price. If well is medium success the stock price will leap as company will have a very large value. The waiting issue is because the primary target appears to be the deepest target and a lot of geological sampling and side cores are planned for this well as it is drilled. However it is as well crossing through upper zones that can contain commercial oil to. So my bet is next week before oil price climbs at the earliest. So have my stock purchased and a very big thank you for short sellers for getting me a very good price.
    With a success level of 70% I think the shorts are the true gamblers and longs the potential winners. But life is fickle a lot too.

    Good Luck
    Bullish
  • B
    Bobcat
    Muting lots on this board.
  • D
    Dave
    Been trying to figure out how the stock manipulators are trying to make money. I read there are teams and they switch positions as there are both sellers and buyers to manipulate the price, not just shorts. They hope others panic and buy high and sell out low. But looks like the tree has been shaken and all that they have are buyers acquiring more stock when it gets low. Being highly bullish I see Reco worth $20 Cnd. right now and if well is as good or better as told then price jumps to $50 Cnd, as other 3 wells are testing separate fields and establishing how much recoverable oil/gas there is. So Good Luck everyone, as the 4 wells will tell all.
    Bullish
  • G
    Greg
    Local Covreage - New Era - ReconAfrica and Namcor spud first of four oil targets - https://neweralive.na/posts/reconafrica-and-namcor-spud-first-of-four-oil-targets
    Bullish
  • O
    Old rig hand
    Happy Super Duper July 4 to Are American counterparts have a safe Fourth of July the markets are closed I Gather in the US don’t forget to take a peek at the Canadian markets PS don’t forget to inform your neighbours and friends RECAF To the moon
    Bullish
  • R
    Rob
    Some serious up movement is coming soon for Reco. Targets will be found and price will move very, very fast. I'm already in with a good amount of shares and if your on the fence on buying shares now or later after targets found I can only suggest for maximum gain buy now. If you have lower tolerance to risk I would wait till target is found. Either way you will win and there will be lots of cash to go around.

    See you in a few weeks to celebrate.
    Cheers all.
  • T
    Thedude
    Oh man I’m gonna have to buy more lol I said I wouldn’t buy more but I can’t resist!
    Bullish
  • C
    Charlie
    Games are being played, as the well is still approx 50 days from completion.
    I believe in my opinion only, when closer to completion date, then the stock price should start to move.

    Just a waiting game right now

    Always do as you Feel
    Not what you Hear

    Happy investing to all
  • F
    FtheHawks!
    I love how now when oil drops below $100 it is a crash and everyone is freaking out. Last year when oil had started recovering out of COVID and was in the $50-60 range people would attack you and act like you were insane for saying it could go to $100 or higher. Since March, the price has been over $100/bbl a majority of the time with a few dips into the mid 90's. Bottom line is that oil is and will continue to be very valuable and RECAF likely has a lot of it in a good location where it will be cheaper to produce and their royalty agreements are also very competitive. This short term game playing is irrelevant to me and allows me to continue building my position for the future. Just my $.02 and I genuinely could care less if you buy or sell this or any stock but I just hate dishonest manipulative people that prey on others.
  • G
    Greg
    African Energy Chamber - 2022 Is Turning Out To Be A Banner Year for African Oil & Gas - "Namibia, in fact, has led the way in new oil and gas activity this year and is emerging as an exploration hot spot. In northeast Namibia and northwest Botswana, ReconAfrica has licensed operations for the newly discovered 8.5-million-acre Kavango Basin, one of the world’s largest onshore undeveloped basins." https://energychamber.org/2022-is-turning-out-to-be-a-banner-year-for-african-oil-gas/
    Bullish
  • N
    Namibia Oil
    Tom and Chris won again today (but lost under the desk).
  • G
    Greg
    Bullish
  • M
    Market Moron
    Me and my 20k shares aren't nervous about any of this. Blah, blah, blah. Talk, talk, talk. Looks like they're still drilling. They're still attending conferences. They're still working w/local agencies. They're still moving forward. Standing strong since 10/2020.
  • N
    Namibia Oil
    Tom and Lenin 1. Longs 0. But their days are numbered. The pond is turning black
    Bullish
  • D
    DICK
    We need to build at least one storage tank before the oil
    starts coming out
    Do you agree ?
  • B
    Bobcat
    Have to be optimistic about the next well. Per Grayson Anderson, 6-2 found oil where the geology was LESS than favorable, as its location (drilled blind) was in a compressed area of the graben (intra-rift, sedimentary fill). The next location is chosen where the sediments are uncompressed and therefore are more open and thicker, as shown by the seismic data. Otherwise, the layers are essentially identical to the 6-2 location and relatively nearby. In other words, it is an area where the oil can (and is expected to) collect and flow. Remember, this is a proven active petroleum system. We KNOW There is oil and gas present. Also as noted, the amount of acreage controlled by just one small company is unheard of in modern times. This is an amazing opportunity and the company efforts so far have consistently derisked the play. It is astonishing that the SP is as low as it is, but it will take off on positive results from the next few wells, if not sooner. This is a potentially life changing, once in a lifetime investment.

    I know most here know this but I find it useful to review as I am always thinking about the risk reward in my portfolio. I will hold. GLTA.
    Bullish
  • C
    Chris
    What do you think caused the SP collapse from the all-time high? Was it the pump-n-dump business plan involving all of the paid advertising that hyped the stock? Was it the manipulation of shorts who will not be happy until Recaf goes bankrupt? Was it the very underwhelming resource report? Why would anyone buy this stock now when it has only a 10% chance that the drill is set up over a commercial well? Do you think the SP will go up or down if this well is a duster? I am guessing Recaf will not hit oil until the next round of drilling, if ever. You might be able do load up at 85¢ later this year after all of the selling and dilution.
    Bearish
  • B
    Bobcat
    Not an engineer but it would seem to me that the pressures encountered will tell them if they have “flowing oil “ a phrase I would like to see.
    Bullish
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