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Tigersaint09
New Orleans Saints Fan
St Petersburg
Member since Dec 2013
1078 posts

Could this be the next big play? (RECAF)
LINK

Reconnaissance Energy Africa (TSX:RECO.V; OTCMKTS:RECAF) is a small – for the time being, anyway - $300+ million company that has secured petroleum licenses for an entire sedimentary basin in Namibia and Botswana...two extremely resource-friendly countries with very low royalties fees.

This basin – as deep as the Permian – could prove to be one of the world ’s last-ever giant onshore oil discoveries. And as a new basin, the potential is likely for Conventional Oil and Gas. No Fracking, normal production profiles, low water requirements which means low cost per barrel.

And Recon Africa has secured the petroleum licensing rights to the entire basin.

With one of the world ’s largest onshore, undeveloped hydrocarbon basins – whose potential has been analyzed and acknowledged by some of the industry ’s most sought-after experts – the oil that is hoped to be discovered by Recon Africa could ultimately prove to be worth tens of billions.

This isn ’t an investment with simply ordinary profit potential. We ’re talking about a true “lottery ticket” – potentially the largest oil discovery in the last 20 to 30 years. They just have to make that big discovery.

Haywood Report

Target Price
ReconAfrica is an early stage resource exploration resource play. As such, we focus on our total risked NAV, which includes our upside estimate of the best prospective resource potential in the Kavango Basin. In arriving at our 12 month target price of $7.00/share, we have risked this upside potential by an 82% chance of commercialization.


Currently RECAF is trading at $3.24/share. The report also mentions a potential upside of 380-1000% upside if oil is discovered in the exploration phase. The exploration phase is happening right now. The ReconAfrica management team is rock solid. This is high risk/ high reward but this could pay off huge.

ReconAfrica Website



AUHighPlainsDrifter
Auburn Fan
South Carolina
Member since Sep 2017
865 posts

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


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Upperdecker
US Space Force Fan
St. George, LA
Member since Nov 2014
24735 posts
 Online 

re: Could this be the next big play? (RECAF)
Africa is high risk high reward. It’s international so you have a high chance of fraud and poor management and corruption, but obviously some massive potential gains


Tigersaint09
New Orleans Saints Fan
St Petersburg
Member since Dec 2013
1078 posts

re: Could this be the next big play? (RECAF)
Definitely high risk, but the upper management team is rock solid. I have a lot of faith. We will see though.
This post was edited on 1/18 at 3:05 pm


rintintin
Tulane Fan
Life is Life
Member since Nov 2008
15455 posts

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

This isn ’t an investment with simply ordinary profit potential. We ’re talking about a true “lottery ticket” – potentially the largest oil discovery in the last 20 to 30 years.


Image: https://media.tenor.com/images/e917d754589323adf2eeea35c7813a8a/tenor.gif



Any resident oil gurus that can chime in on this?


Texas Tea 123
Member since Sep 2017
48 posts

re: Could this be the next big play? (RECAF)
Stock will likely get pumped given low public float and low daily volume.

Chances this ever grows into a profitable oil company: <5%

Never underestimate the power of local government in emerging markets.

They are probably about 20 years late on this unfortunately.



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60
GREENHEAD22
LSU Fan
Member since Nov 2009
15740 posts

re: Could this be the next big play? (RECAF)
I am up 96% so far.


thotpocket
LSU Fan
Dana Point, CA
Member since Sep 2017
1827 posts

re: Could this be the next big play? (RECAF)
this stock is not available on robinhood, is it? :(


GREENHEAD22
LSU Fan
Member since Nov 2009
15740 posts

re: Could this be the next big play? (RECAF)
No


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01
Tigersaint09
New Orleans Saints Fan
St Petersburg
Member since Dec 2013
1078 posts

re: Could this be the next big play? (RECAF)
It is not. I use TD Ameritrade


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00
Texas Tea 123
Member since Sep 2017
48 posts

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

I am up 96% so far.


Yep, when you see a pump, rush in as soon as possible. Then dump that bag on someone else before it's too late.


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50
SEC. 593
Missouri Fan
Chicago
Member since Aug 2012
2942 posts

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


Salamander_Wilson
Member since Jul 2015
5739 posts

re: Could this be the next big play? (RECAF)
I’m in for 1000 shares. Let’s see what happens


Tigersaint09
New Orleans Saints Fan
St Petersburg
Member since Dec 2013
1078 posts

re: Could this be the next big play? (RECAF)
This shite shot up today holy


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supadave3
LSU Fan
Baton Rouge
Member since Dec 2005
25091 posts

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

is stock is not available on robinhood, is it? :(


Why is this the case? There have been a few instances where I see stocks being discussed on her but unable to invest due to not being available in Robinhood. Reason?

I guess I could just Google it.


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00
FigerTan
Member since Jan 2016
40 posts

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


Lightning
LSU Fan
Texas
Member since May 2014
392 posts

re: Could this be the next big play? (RECAF)
Patiently waiting for it to fill the gap but... It's not filling the gap.


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20
Tigerb869
LSU Fan
Member since Feb 2017
256 posts

re: Could this be the next big play? (RECAF)
Anyone else losing their arse on this right now?


Ballstein32
Auburn Fan
Member since May 2020
211 posts

re: Could this be the next big play? (RECAF)
Yes. Im gonna hold for a bit and wait for news of their first well they are currently drilling.

I'm hopeful that it'll be good news.

We'll see though....


TigerGyp
LSU Fan
Lafayette
Member since May 2006
866 posts
 Online 

re: Could this be the next big play? (RECAF)
Holding until the first well, at least.


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