Exchange: OTC·Updated 03:58 PM EDT

RECAF Reconnaissance Energy Africa Ltd

$0.375
$0.0094
(2.57%)
Today
Mkt Cap$149.84M
Vol449,674.00

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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Bearish Sentiment

How do you feel about RECAF?

Rob62
$RECAF Investors short and long are about to be given a real gift from a small cap wildcat company that has loaded its team up with some of best in the world when it comes to new petroleum discoveries. The CEO has done this before successfully in the "Gulf of Mexico". and sure enough is doing it again here in Namibia. Pennies on the dollar gets you a seat at the table to a very real chance at a basin play. With anylysts targets for year end @ near $4.00 this just seams to good a opportunity to pass up. Good luck to all. Go Recon!
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TotalReturn100
$RECAF “Ive never had this much encouragement this early…We couldn’t be more confident than we are right now!” Says the guy whose discovered billions in oil! Our time is coming, enjoy the ride!!
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vlad0
$RECAF We're just weeks away from validating a huge play covering 11m acres from Namibia to Angola.. 🛢️🙏
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TONYROSS
$RECAF They should be in the lateral zone with all of the fractured carbonates next week. This is it. This is the time we investors have been waiting for, for a long time. Lets get ready to rumble, folks.
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TotalReturn100
$RECAF At 50m/Day the bit should be approaching the top of the target by end of week. Remember BR said on 10/15 they were drilling even though the PR came out 10/19. All I’ll say is great days ahead as Recon transitions to its next remarkable chapter!
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TONYROSS
$RECAF We've got the right drilling supervisor in the right place at the right time in Nick Steinsberger. You can read about his background putting his name in a google search. He wont be fracking here but quite obviously he has the perfect adaptive background to make this current HZ drilling a commercial success.
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TONYROSS
$RECAF Barring no drilling delays, the sweet spot of the fractured carbonates in the Huttenberg lateral drilling will be very close now.
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MortREA
$RECAF SVP of Exploration, Chris Sembritzky, quietly operating behind the scenes. He came out of retirement for this play after operating in senior positions all over the world. Probably the man who "gets no respect" to quote Rodney. Masters from Baylor University, his core specialties are carbonates, sedimentology, petrophysics, and stratigraphy. Remember it was he who said 'let's pivot to kw1'...and now it's all on the line..but he KNOWS, he's seen it all. An interesting point about fractures since the bit is probably spinning horizontally by now...these fractures are paper thin..maybe 1 to 2 millimeters...but they are three dimensional : vertical,width, and length. Width is the paper thin dimension, but they can be anywhere from inches to thousands of feet deep and long. Pressure makes the hydros flow through these 'thin' slots..and by experience Chris is many steps ahead of the game and knows what's to come.
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Gresham44
$RECAF With a Market Cap hovering around 170 Million, The Positive ( IMO ) horizontal test results will attract a lineup out the door With Suitors willing to spend 2 Billion, 5 Billion Dollars or More, to get their hands on likely the Largest On Shore Discovery Remaining on Earth! This is Chump Change for the Biggest of the Big. Brian and Co. Knew what they were doing last January… 🛢️🛢️🛢️🛢️ POISON ☠️ PILL
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JosephOfEgypt
$RECAF Nick Steinberger the inventor of slick-water fracking, the commercial breakthrough that unlocked the American shale revolution. With this invention he solved the problem by making the extraction of natural gas from tight shale formations economically viable. He works for us imagine that 🫠
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Topseeker1
$RECAF Chris S had stated with this vertical test well, they were merely taking bites off the ' Elephant '. The vertical well bore was approx 6 ", so the minimal # of fractures would have been intersected. With their FMI( Fomation Imager), it aided in ' seeing ' the # of vertical fractures of this structure. Based on this Chris is expecting 3 - 10 fractures per M. Using a conservative 5 fractures per M ( 39.37 " ), we get approx 1.5 fractures per foot. Thus 1000M ( 3,280.8 ft) of Horizontal equates to approx. 5,000 fractures. More than enough to truly test the ' Elephant ', before and after acid testing. As our CEO stated, they are throwing everything at this Horizontal test. Looking at their Dream Team, including the new Hires, with their incredible asset base, IMO, I see value, more so at these current sp levels that point to an ' elephant ' size return too. Best wishes to All, Sincerely, Topseeker
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JosephOfEgypt
$RECAF Let’s make some money before the world goes completely cold so we can feed our children and grand children..
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Pollux1
$RECAF NAMCOR is hiring again. Positions linked to increased need for employee development programs, port security, etc. Plus procurement advertising for various supplies. I like seeing the need for “supply and delivery of sampling and testing equipment for the National Oil Storage Facilities Laboratory. Ramping up for oil. Will we be part of this increased demand? I sure hope so. 🐂🇳🇦🛢️🛢️🛢️🛢️🛢️🛢️🛢️🛢️🛢️🛢️🛢️🛢️🛢️🛢️🛢️🛢️🛢️🛢️🛢️🛢️🛢️🔥🔥🔥🔥🔥🔥🤠
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ravdb
$RECAF if i hadn’t been here since 2021 to read all i have read and seen all i have seen i would be concerned with the price, as it really is ridiculous. I suspect those new here, or those looking to invest or not may be held back due to the price alone, not knowing what the rest of us longs have seen, read, heard, and believe after years of research…with help from the great knowledgeable longs here. IMHO we’re at the end of what has been a long bumpy dirt road, about to get onto the long-awaited interstate where many of you have already decided on what your future ride will be! May our Lord Bless Brian and his team and the soon to be released results!
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JosephOfEgypt
$RECAF 𝕊𝕦𝕤𝕥𝕒𝕚𝕟𝕖𝕕 𝕔𝕠𝕞𝕞𝕖𝕣𝕔𝕚𝕒𝕝 𝕗𝕝𝕠𝕨 Is the only thing that matters to get share price where shareholders want it to be anything less is a negative..
35
Pampatrader2
$RECAF Status: ReconAfrica confirmed this in its October 19 release, the latest operational update I found as of October 22. All required permits are approved, the whipstock—the tool that redirects drilling out of the vertical well—has been set at 2,289 meters, and sidetrack drilling has commenced. Have they already completed the bend and reached fully horizontal? The release does not give the current drilling angle or metres drilled. It confirms they have started drilling the new path toward the horizontal section.
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Gresham44
$RECAF The Only Ones Selling shares are the shorts. The current share price shouldn’t worry any Real Investors one little bit. They will be content to play their little game for another week or two. By mid November the share price will begin rising as they begin to wind down. By the start of December only the Dumbest of them will be holding on. The price will get to our threshold of $1.00 USD And Cad 1.35 for Reco holders Befire any announcement. Munch on these Uber Cheapies while we can Fellow Twit’s 🛢️🛢️🛢️🛢️ PAC-MAN
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vlad0
$RECAF According to Chris we should know within the first 100m of sidetrack whether it is Lambo time 🛢️
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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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Rob62
$RECAF I wanted to mention that due to delays we have had in 2026 that the unofficial Vegas celebration party will now be moved into 2027. My guess is summer or early fall. That hopefully sees the successful verification well complete and maximum upside in Recons share price. A likely sell point for a lot of long term investors. First round is on me. Go Recon!
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