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Started By
Message
re: Could this be the next big play? (RECAF)
Posted on 1/12/22 at 3:23 pm to Ballstein32
Posted on 1/12/22 at 3:23 pm to Ballstein32
Been holding a long time. Mainly because my first buys were in the 8s and 9s 
I averaged down into the 4s though and feels good to finally be seeing some returns. With the thought of uplisting on the horizon I’m going to hold until I’m long on my shares at least
I averaged down into the 4s though and feels good to finally be seeing some returns. With the thought of uplisting on the horizon I’m going to hold until I’m long on my shares at least
This post was edited on 1/12/22 at 3:24 pm
1
Posted on 1/12/22 at 4:18 pm to Who_Dat_Tiger
That's my plan. I wish I had more cash to throw at it last week when it was still sub 5 but in happy where I'm at right now.
I'm wondering if the news that Shell found oil offshore of Namibia has sparked this? Who knows but I like it
I'm wondering if the news that Shell found oil offshore of Namibia has sparked this? Who knows but I like it
Posted on 1/21/22 at 8:27 am to Ballstein32
So should I just consider this a loss since I bought in at 10?
I can wait to see if it climbs closer to my original buy in price, but it’s been disheartening seeing it drop from the highest point.
I can wait to see if it climbs closer to my original buy in price, but it’s been disheartening seeing it drop from the highest point.
Posted on 1/21/22 at 9:39 am to StringedInstruments
I would wait imo. It's either going up when they announce lots of oil or it's going down if they find nothing. It's gonna bounce around here until an announcement of some sort.
They should start drilling well 3 anytime now and new seismic was announced recently as well. There are some catalysts if you're patient
They should start drilling well 3 anytime now and new seismic was announced recently as well. There are some catalysts if you're patient
Posted on 4/4/22 at 1:11 am to StringedInstruments
I hope you waited this out. Per this evenings press release it seems things are finally start to move again.....
"The initial exploration and development is being conducted in the first of five sub-basins within the greater Kavango Basin where the Company holds petroleum rights over the entire sedimentary basin comprising approximately 8.5 million acres.
HIGHLIGHTS
The results of the first two stratigraphic test wells drilled by ReconAfrica and subsequent 2D seismic data acquired in the Kavango Basin, NE Namibia have established a significant rift basin similar to the other major petroleum provinces/rift basins including onshore Africa, and areas of the North Sea.
Thus far, the integrated interpretation has established three groups of hydrocarbon opportunities ("Plays"), illustrated in the Play Map below:Primary: Karoo Rift Fill (Light Oil)Secondary: Intra-Rift Fault Blocks (Light Oil)Secondary: Damara Fold Belt (NEW PLAY, Gas/Gas Condensate)
The work has initially identified five drillable prospects (including sidetracking of the 6-2 well) and eighteen leads in the first of five sub-basins. These leads will potentially be matured to drillable prospects driven by the second phase of 2D seismic acquisition currently underway."
"Six potential reservoir and four potential source rock intervals have been established in the basin so far. Initial thermal analysis indicates the lower Karoo Rift Fill source rocks should be in the light oil maturation interval."
LINK
"The initial exploration and development is being conducted in the first of five sub-basins within the greater Kavango Basin where the Company holds petroleum rights over the entire sedimentary basin comprising approximately 8.5 million acres.
HIGHLIGHTS
The results of the first two stratigraphic test wells drilled by ReconAfrica and subsequent 2D seismic data acquired in the Kavango Basin, NE Namibia have established a significant rift basin similar to the other major petroleum provinces/rift basins including onshore Africa, and areas of the North Sea.
Thus far, the integrated interpretation has established three groups of hydrocarbon opportunities ("Plays"), illustrated in the Play Map below:Primary: Karoo Rift Fill (Light Oil)Secondary: Intra-Rift Fault Blocks (Light Oil)Secondary: Damara Fold Belt (NEW PLAY, Gas/Gas Condensate)
The work has initially identified five drillable prospects (including sidetracking of the 6-2 well) and eighteen leads in the first of five sub-basins. These leads will potentially be matured to drillable prospects driven by the second phase of 2D seismic acquisition currently underway."
"Six potential reservoir and four potential source rock intervals have been established in the basin so far. Initial thermal analysis indicates the lower Karoo Rift Fill source rocks should be in the light oil maturation interval."
LINK
Posted on 4/22/22 at 9:23 am to Ballstein32
Looks like the stock is starting to move some.. Let's Go!
Posted on 4/22/22 at 11:15 am to Ballstein32
Thoughts on the jump yesterday afternoon and this morning?
Posted on 4/22/22 at 11:22 am to Lightning
I may add to my position, going to wait and see what Monday brings to the market, see of red today.
Posted on 4/22/22 at 10:45 pm to Lightning
From what I have gathered (via stocktwits and google) things are starting to ramp up down there. I guess they posted job hiring for a couple derrickmen (had to look that up....LINK .) to start May 2nd. Sounds like they're going to start drilling again very soon.
And regarding their Botswana holdings it looks as if they are making some progress there as well. They are hiring a government and stakeholder relations position.
LINK /
ETA: I haven't found a link for the derrickmen hiring but saw a screenshot someone had posted on stocktwits regarding that
And regarding their Botswana holdings it looks as if they are making some progress there as well. They are hiring a government and stakeholder relations position.
LINK /
ETA: I haven't found a link for the derrickmen hiring but saw a screenshot someone had posted on stocktwits regarding that
This post was edited on 4/22/22 at 10:48 pm
Posted on 5/5/22 at 5:54 pm to Tigersaint09
Bump - any investors get notified of the special meeting on 6/8?
Haven’t read through it yet.
Haven’t read through it yet.
Posted on 10/5/22 at 7:25 pm to Ballstein32
(no message)
This post was edited on 10/15/22 at 12:46 am
Posted on 11/10/22 at 7:31 am to Ballstein32
Sheesh. 46% tumble yesterday.
That hurt
That hurt
Posted on 11/10/22 at 7:44 am to Salamander_Wilson
These last two pages have been tough to read.
That said, is it a good buy now at $1.41? Take a chance on the next well having some success?
That said, is it a good buy now at $1.41? Take a chance on the next well having some success?
This post was edited on 11/10/22 at 7:48 am
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