Could this be the next big play? (RECAF)

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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