Exchange: OTC·Updated 11:15 AM EDT

RECAF Reconnaissance Energy Africa Ltd

$0.395
$0.0027
(0.68%)
Today
Mkt Cap$151.13M
Vol186,722.00

About RECAF

Reconnaissance Energy Africa Ltd. is a Canadian-based junior oil and gas company, which engages in the identification, exploration, and development of oil and gas assets via drilling and acquisition with a focus on Namibia and Botswana. It operates through the following geographical segments: Corporate, Mexico, and Africa. The Corporate segment relates to its office in Vancouver and operations office in Calgary. The Mexico segment refers to the oil and gas operations in Mexico. The Africa segment includes exploration and evaluation of its African assets. The company was founded by Craig Arthur Steinke and J. Jay Park on June 22, 1978 and is headquartered in Calgary, Canada.
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Neutral Sentiment

How do you feel about RECAF?

JosephOfEgypt
$RECAF 6️⃣million acres in Kavango basin will definitely be worth everywhere between 8️⃣- 1️⃣2️⃣ billion dollars if only this one structure(KW-1X) flows and again I’m gonna use 2000BOEPD So a flowing Kavango West 1X well does not just validate a single structure but 22 identical or similar structures. I personally prefer this instead of giving someone else another 40% and why..? If RA only had Kavango it would a big NO-NO from me but with a loaded and prosperous Angola and on the other side Gabon soaked in Oil this would be my favorite move. Is this the reason why Kubik was hired ? He’s not known to raise 20-30 milion dollars he’s known for Billions with a 🅱️ Feel free to adjust my numbers LOL 🤝
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TotalReturn100
$RECAF Theres a lot to unpack in that video. Every long should watch it at least 3x lol. That was very informative. No one should be surprised theres oil in the well. The flare all but proved that. Only question is what are the percentages of the phases. We likely wont know those exact details till late Dec or early Jan” That said We will have plenty to celebrate before Thansgiving! This is NOT dry gas. ”Produce oil, create revenue, create prosperity….I believe thats going to happen in Namibia”. “I see us being a multi-billion & enterprise” Its been a long wait, those interested in seeing their shares rise by several multiples should enjoy every day, enjoy the ride, you’re living a once in a lifetime Remarkable Story!
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Viong
$RECAF These 4 attachments, for me, summarizes the development of drilling and exploration of ReconAfrica. The first aeromagnetic map was the basis for the "source and trap" plays of the 3 stratigraphic holes of Recon 1.0. Despite of the hydrocarbon shows in 6-2 and 6-1, 8-2 was selected from then ongoing seismic surveys. An eFTG survey was added in aid for JV(s). Fortunately, a frontiers geologist/executive, BR, got in and took along a true carbonate geologist, CS. CS , I think, quickly realized the potential of the Neoproterozoic carbonates in DFB from the 3 Bouguer gravity maps. Naingopo was selected first and Kambundu prepared as 2nd back-to-back site. The apparently "negative" Naingopo led to 3 directions: 1) pivot to KW1X, 2) Gabon acquisition, and 3) Angola MOU. I thought then that Gabon was an exit strategy of a negative KW1X (now KW1A) because of its 27API gravity from the discovery well; it is still secondary area to me. DFB remains priority (to be cont'd).
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Rob62
$RECAF The story keeps getting better and better every week. Oil noted in interview. Nice! Should be a prosperous Christmas for us investors. Hold your shares tightly folks! Things are going to get very interesting.
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OilBarronEddie
$RECAF for the newbies A horizontal well could be a game-changer for ReconAfrica’s KW1X discovery. Key company data: 2 zones have flowed hydrocarbons to surface: Huttenberg and Elandshoek. 75 metres of pay identified in Huttenberg from original well logs. Up to 1,000 metres of planned horizontal drilling. Huttenberg sits approximately 600 metres shallower than Elandshoek, allowing a longer lateral. Natural fractures and matrix porosity provide potential pathways for hydrocarbons to flow. The upper Huttenberg flowed natural gas and potential liquids immediately upon perforation, before acid stimulation. The opportunity: a horizontal lateral could intersect substantially more productive rock than a vertical well, potentially increasing flow rates. The horizontal test is designed to establish deliverability and liquids potential.
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Pampatrader2
$RECAF Trolls do not like me. Perhaps is because I published a condensation of latest interview with BR... So will publish it again:
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Rob62
$RECAF So here we're are. The drill is spinning again. We were delayed slightly by approvals and equipment needs but we're now at the final stages of this amazing KW1X well story. This news release has given us a more realistic timeline for the final news yet to come. We will positively know by Christmas the flow results. Something we were all hoping for from the vertical drill results mid summer. If there's one thing I have learned with this wildcatting adventure is you need to be very very patient. This kind of exploration in far off foreign lands is not for the faint of heart. BUT, if Brian and his excellent team prove successful here, I believe this first onshore discovery in Namabia will be Recons catalyst to much greater success stories yet to be written. I'm going to feel like a kid on Xmas morning wating to open my last biggest present. Good luck Recon investors.
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JosephOfEgypt
$RECAF There is no better indication then this you don’t hire this guy for no fraking reason Go tell John the blind can see and the deaf can hear 💙
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JosephOfEgypt
$RECAF If HZ drilling started today Thursday October 15 then by the 25th they will know if it’s commercial or not weather that be Oil/Gas or both,I don’t expect any big news announcement until Christmas but there will be signs..
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Ks101hah
$RECAF All the bashing and whining in the world will not crush this company. Reconafrica has the rights to a massive asset, and they have a strategy that will continue to add value to their holdings. Their acreage currently has a value far beyond what it was when they acquired the rights to it. These are facts.
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FightingIrish33
$RECAF BW Energy has announced positive appraisal results at the Dussafu field in Gabon, where both appraisal wells drilled have encountered commercial volumes of oil. The combined recovery from these wells is estimated at approximately 8-9 million barrels of oil gross. The results support the drilling of two additional producing wells, with the first to be drilled as part of the ongoing MaBoMo Phase 2 campaign, which is on track for first oil in the first quarter of 2027. The 10P2 appraisal well encountered a 30-metre oil column in the Gamba reservoir at a structural depth consistent with pre-drill predictions, and formation evaluation confirmed good porosity and permeability. Wireline logging and pressure testing indicate that a production well at this location can deliver initial rates of over 5,000 barrels of oil per day (bopd) gross
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RECAFMAN
$RECAF At end of Ayuk / Reinsborough Interview: “Can you promise me one thing? 2027 - we’re going to have this talk at the Opening Ceremony.” Ayuk “We have to be there. We’ll have the video pushing the button for First Production.” Reinsboroguh 🙏🙏🙏
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Harleyboy
$RECAF Michel Nzouba( thanks for the post Nedo) is another rock star addition and has extensive experience with majors and in Gabon. Recon is setting the stage for success and attracting highly experienced people who in my opinion know where this company can go and the potential it has.
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ArmyRuggerA179
$RECAF Rick Rule on RECAF: "More production tests required. I'm a shareholder, so, I'm positive." Pretty BULLISH sentiment from one of the most thorough institutional Natural Resources investors on the planet. BULLISH.
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Topseeker1
$RECAF Quite the vid that all should listen to. Approx at the 26 min mark to the end of video, it helped me decide to further build on my Reco Holdings for this coming week. With the current sp, it appears to reflect a potential moderate drilling success with little to no reflection of the values of the 21 other Namibian prospects, Gabon, Angola, Botswana. Recon has an international recognized Dream Team plus the new ' Board ' hire, that is heavily geared towards commercial success, IMO. I look forward to their success leading to my success. Being left out of this potential is not my wish, not my plan. Best wishes to All Longs, Sincerely, Topseeker
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TONYROSS
$RECAF Horizontal drilling has started in Namibia ahead of production testing. And now the offshore drilling in Gabon is getting readied for action with a new manager. Setting up perfectly. Thanks Nedo.
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Topseeker1
$RECAF With what our CEO has to say about our future, he also is speaking on behalf, IMSO, of his Teams knowledge/experience too. They are the ones that also see the potential, and why all parties involved are excited and want to be part of something ground breaking, something historical, and something of national/international importance. 2026/2027/2028 will be the most transformative years as our firm, Recon, morphs into a growing, successful commercial producer of oil, gas, and gas liquids to the benefit of all Shareholders. Topseeker
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Viong
$RECAF SP is creeping higher since last NR. THB has noticed and attributed it to last CR as giving manipulators an avenue to change. I think the lateral has been ongoing since the start of October and by now they know a commercial flow rate is being indicated by wellsite observations. BR maybe having fun at AEW having the cards as Recaf’s repetitive for three days. The sidetrack cannot be horizontal because it would only go thru the upper 300m of Hut above H-1. To test the 3050m level, the sidetrack has to be inclined parralel to slope of structure which is an expression of bedding dip direction.
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Gresham44
$RECAF Good Day All ! As far as the shorts suddenly switching to our side, I Just don’t see it. Leopards rarely change their spots. The Squeeze coming will be of Epic Proportions! 🛢️🛢️🛢️🛢️ UNEQUIVOCALLY
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Gopher44
$RECAF "Listen, I've done this before. I've never had this much encouragement this early." -Brian Reinsborough Six years ago, we were at $10/sh on mere hope and dreams. NOW we have oil and gas and will soon be commercializing. The squeeze is coming.
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