re: Could this be the next big play? (RECAF)

A quick little update on recaf....

Africa oil week is coming up November 8-11.

Big time players are supporting this...Chevron, Shell, etc.

150+ speakers during it including Recaf's CEO, Scot Evans.

LINK

"In line with the theme, the event will stimulate upstream transactions, drive investments into African energy projects, and facilitate new partnerships and networking opportunities for the African upstream. Alongside a week full of networking functions, roundtables and in-person meetings, 2021 sees the inclusion of the revived "Africa Independents Forum" a platform designed to showcase the most exciting farm-out, JV and asset opportunities on the continent. Content briefings dedicated to energy financing will help delegates capitalise on business and project opportunities presented by the energy transition."



I don't really think anything Earth shattering will happen with this for recaf other than publicity (2D seismic was almost done a few weeks ago and if it is finished and they have definitive results maybe they could release it but I kinda doubt that), but the fact that the enviro greenies are starting to ramp up their campaigns to squash this kind if makes me think something big is actually in that basin.

LINK /

Love Leo the actor, but frick him in the real world.

Do your own DD, but in my unprofessional opinion I think this company and stock are for real.

ETA: I love how the hit piece doesn't even mention the solar power they are providing as well as all the water wells they have drilled already and have been permitted to drill in the future to help the local population, not to mention the local jobs they are creating for the people of Namibia.


"In addition to the four solar powered community water wells currently in operation, ReconAfrica, working with local and state water authorities, has permitted another 20 community water wells. The Company has now hired two Namibian contractors, Aqua Drilling to conduct drilling operations and Leben Technical Services to install all solar powered equipment. It is expected both contractors will commence operations in early September on the first 8 of 20 wells where four wells are scheduled to be drilled in Kavango East and four wells in Kavango West.

ReconAfrica continues its commitment to local hiring with over 300 Namibian residents now employed, has a strong commitment to gender diversity and continues to increase the number of women hired locally."


LINK