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Reconnaissance Energy Africa Ltd. (RECAF)

Other OTC - Other OTC Delayed Price. Currency in USD
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4.5700-0.1000 (-2.14%)
At close: 03:59PM EST
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  • G
    Greg
    We have a new post. This is not an update to the original seismic interpretation. It is related to resource estimates for line 1. I'm sure more updates will follow for both the interpretation and this post. Enjoy! We are so lucky to have someone in our group who does this for a living! Recon Africa - A Geologist’s Interpretation of Post-Seismic Well Location and Reserve Estimate: https://www.reddit.com/r/ReconAfrica/comments/r7qhar/recon_africa_a_geologists_interpretation_of/
    17 votes and 13 comments so far on Reddit
    17 votes and 13 comments so far on Reddit
    www.reddit.com
  • Z
    Zaran
    Great oppportunity to load up on shares at prices that soon will look so unbelievable once the Early December Company News Releases are posted. Up over 9,000 shares and glad I'm able to be a part of this discovery. The company stated in a previous communication that early December was the timing for the release of the updated 450K 2D seismic and both well's seismic into one data base with additional exploratory production well testing to commence in "early first quarter 2022. That means to me, a news announcement this coming week about our program in anticipation of two forthcoming events..... (1) the just mentioned third well starting drilling in January AND (2) anticipating Joint Venture partners needing to pay TOP DOLLAR, some numbers concerning potential size and magnitude of BOE. This could get very interesting very quickly, or not. I Don't have a crystal ball. The facts, thankfully, in this story are enough.
  • B
    Bp6331
    We have a new post on reddit. This is not an update to the original seismic interpretation. It is related to resource estimates for line 1. I'm sure more updates will follow for both the interpretation and this post. Enjoy! We are so lucky to have someone in our group who does this for a living! Recon Africa - A Geologist’s Interpretation of Post-Seismic Well Location and Reserve Estimate:

    https://www.reddit.com/r/ReconAfrica/comments/r7qhar/recon_africa_a_geologists_interpretation_of/
  • S
    S
    Well the consultant would rather have the option of buying 500k shares at $6 than receive a check......he obviously knows something! A very bullish sign.....
    Bullish
  • F
    FtheHawks!
    Tiny volume of shorts swapping the same shares around to manipulate the share price. Just jump in and buy those shares on the cheap anytime that you can. You will be thankful in the not too distant future.
  • F
    Forbidden
    Recon awarding options for 500,000 shares to undisclosed "consultant". This is GIGANTIC. At a SP of $100, this would be worth $50 million.

    Who/whatever this is, Recon is investing a lot of money in them. This is likely related to an upcoming JV relationship, someone very high up at a major producer. Maybe one of the majors already in the area.

    What's interesting here is what Recon ISN'T telling us. This is just the tip of the iceberg behind this news release. Management is giving us a hint to load up on shares before things really start moving. Once the drills start moving in the next couple of months, they won't be stopping. Things will really pick up when JV(s) bring in their own drills and start spudding in to traps.
  • G
    Greg
    Our seismic expert from Encore Recon Africa Discord has added additional interpretation of lines 1 and 2 from the seismic survey. https://www.reddit.com/r/ReconAfrica/comments/qpv3p6/discord_geologists_additional_interpretation_of/
    Bullish
  • i
    israel
    Why the consultant who received 500.000 options at $6 d'ont buy today at much lower price?
  • R
    RECO RISING
    News Release coming Lenin
    Bullish
  • N
    Nathan
    I just bought another 910 shares on this high risk roulette table. I’m going with Black for sweet oil.
    Bullish
  • V
    VotingDem SurgesCrime
    Devil's Advocate Exercise.

    While we wait let's debunk this argument. If multiple GOEs have posted such tremendously positive analysis of the seismic and they are correct, then why has not a single big money player moved in to accumulate RECAF? Because obviously big money has access to the same analysis and anyone reading these seismic interpretations would come away with the impression that they need to buy a ton of RECAF right now because there is oil here and very likely, lots of it. BUT YET THEY DON'T!

    So what are we missing then? Is the low visibility and low credibility of the OTC board simply preventing all big money interest so the stock continues to drift? Probably. Then where is this big board upgrade that RECON said they were "well aware of" and "working on" diligently?

    I've said it for months and it's probably a bigger deal than most realize, including the company themselves but the most pressing order of business is to get on a major exchange and once that is done all positive news will actually make the price go up instead of down.
    Bullish
  • G
    Greg
    Things just got interesting in offshore Namibia. The STARSS (Southern Trans Africa Rift & Sheer System) runs through not only the Kavango Basin but offshore as well. TotalEnergies just spud the Venus 1X exploration well and Shell will be spudding the offshore Graf-1 well soon. See the links in comments.
    Bullish
  • R
    Robert
    I am tired of hearing about Lenin. I muted him/her long ago, but I keep hearing about him/her. I come to this forum for new information and new theories. I am on copy on RECAF official notices. From this point on I intend to mute anyone, no matter what their previous posts are who even mentions his or her name. Enough!!!. Use the Forum for serious, honest info, both good and bad...
    Bullish
  • F
    FtheHawks!
    Check out the currently zero shares traded in the Frankfurt exchange which has been open for 6.5 hours at this point. DIAMOND HANDS SETTING IN. Burn shorties burn!!
  • P
    Philippe
    I saw this on Stocktwits today.
    Word from Grayson is that Covid is not changing any of their plans. They are more
    than prepared to go go full speed ahead in 2022. Extra people and extra equipment
    in Namibia for a non stop 2022.
  • R
    RECO RISING
    Just hold and add. Don’t listen to FUD like Lenin
    Bullish
  • j
    jonathan
    There’s more oil in Namibia than all other countries combined
    Bullish
  • O
    Old rig hand
    Happy happy super Duper December 1, 2021 About to get a major news drop. we’re about to go ballistic Have fun good luck everybody
    Bullish
  • M
    Martin
    Saw an article yesterday saying that Norway has extended its oil discoveries and plans to be producing for decades more. An official explained that they view oil and natural gas as a necessary component of the transition to renewables. The people of Namibia would like to know. Is it just Northern Europeans who enjoy this privilege?
  • g
    george
    It’s going to be huge
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