Reconnaissance Energy Africa Ltd (RECAF)

$0.45 +0.00 (0.49%)
Market Cap N/A
Revenue (ttm) 0.00
Net Income (ttm) 0.00
EPS (ttm) N/A
PE Ratio N/A
Forward PE N/A
Profit Margin 0.00%
Debt to Equity Ratio N/A
Volume 369,700
Avg Vol 351,474
Day's Range N/A - N/A
Shares Out N/A
Stochastic %K 71%
Beta N/A
Analysts Strong Buy
Price Target N/A

Company Profile

Reconnaissance Energy Africa Ltd., a junior oil and gas company, engages in exploration and development of oil and gas properties in Namibia and Botswana. The company holds a 90% interest in a petroleum exploration license located in Namibia; and 100% working interest in a petroleum license located in northwestern Botswana, as well as an agreement for a joint exploration project in Angola. Reconnaissance Energy Africa Ltd. is headquartered in Calgary, Canada.

Industry: Oil & Gas E&P
Sector: Energy
Address:
635 – 8 th Avenue SW, Calgary, Canada
TheHornedBull
TheHornedBull Sep. 10 at 12:01 AM
$RECAF Todays trading was moderate TV 370k SS sold 300k/ 81% Retail was buying, and the Shorts had to bust their asses to hold it like they did. SS hasn't been over 50-60 % range since Sept. 3rd. I think we'll see Total Volume climb a bit more through this week, just because of all the noise if nothing else. Hoping to start seeing some headlines in the trade papers tomorrow and beyond as the word spreads about RA spreading it's wings even farther North. It was clear to me as I watched todays trading, that there was absolutely no reason to halt yesterdays trading. Except One and in that regard, IT WORKED! STAY
0 · Reply
Pampatrader2
Pampatrader2 Sep. 9 at 11:01 PM
$RECAF Expansion.
0 · Reply
Pampatrader2
Pampatrader2 Sep. 9 at 10:24 PM
$RECAF GABON: Economy: Oil revenue constitutes roughly 46% of the government's budget, 43% of the gross domestic product (GDP), and 81% of exports. Oil production declined from its higher point of 370,000 barrels per day in 1997. Some estimates suggest that Gabonese oil will be expended by 2025. Planning is beginning for an after-oil scenario.[13] The rich Grondin Oil Field was discovered in 1971 in 50 m (160 ft) water depths 40 km (25 mi) offshore in an anticline salt structural trap in Batanga sandstones of Maastrichtian age, but about 60% of its estimated reserves had been extracted by 1978.[49] As of 2023, Gabon produced about 200,000 barrels a day (bpd) of crude oil.[50] Gabon’s economy remains heavily dependent on oil and other natural resources, leaving it exposed to global market shifts and climate-related risks.
0 · Reply
reco2point0
reco2point0 Sep. 9 at 10:19 PM
$RECAF Wonder how the manipulators are feeling about all the new things RA is throwing at them along with ahead of the drilling schedule.
0 · Reply
Recaf21
Recaf21 Sep. 9 at 10:11 PM
$RECAF Haven’t seen this here yet. Apologies if it has been. https://www.linkedin.com/posts/welligence_gabon-new-entry-alert-reconnaissance-energy-activity-7371237289802489856-W2fW?utm_medium=ios_app&rcm=ACoAAALNa_YBdV1khO53Y9xNh540R09__ZYE9KU&utm_source=social_share_send&utm_campaign=messages
1 · Reply
EquitytheGrouchLee123
EquitytheGrouchLee123 Sep. 9 at 8:52 PM
$RECAF I'm just too tired and old to give a shit anymore. If all these other "ventures" get me some money, fine. I just don't want to wait another 5 -10 years. Not that I necessarily will be dead or an invalid, but money is no good to me once I can't remember why I like money. LOL
2 · Reply
Tomi_Stock
Tomi_Stock Sep. 9 at 8:26 PM
$RECAF https://www.reconafrica.com/investors/media/?utm_campaign=Blast%20-%20Sept%209,%202025&utm_medium=email&utm_source=Mailjet
0 · Reply
DamDamo
DamDamo Sep. 9 at 8:25 PM
$RECAF the NRs are coming thick and fast. Why all of this ...well,it could be it's a dry hole and they need some deflection when it's announced...we have seen that before. ..and I hope I'm totally wrong. Or, they know, they know what they have and this could be the start of the next oil frontier in west Africa that spans half the continent from Botswana or at least Namibia all the way up to the Gabon. Just huge. LFG.
5 · Reply
reco2point0
reco2point0 Sep. 9 at 8:11 PM
$RECAF Just came out https://www.reconafrica.com/investors/media/?utm_campaign=Blast%20-%20Sept%209,%202025&utm_medium=email&utm_source=Mailjet
0 · Reply
jmf123
jmf123 Sep. 9 at 7:32 PM
$RECAF if I didn’t own so much of this company already, I’d be scooping up a lot more shares. I think we are so well positioned in the months and years to come. GLTA
0 · Reply
Latest News on RECAF
No data available.
TheHornedBull
TheHornedBull Sep. 10 at 12:01 AM
$RECAF Todays trading was moderate TV 370k SS sold 300k/ 81% Retail was buying, and the Shorts had to bust their asses to hold it like they did. SS hasn't been over 50-60 % range since Sept. 3rd. I think we'll see Total Volume climb a bit more through this week, just because of all the noise if nothing else. Hoping to start seeing some headlines in the trade papers tomorrow and beyond as the word spreads about RA spreading it's wings even farther North. It was clear to me as I watched todays trading, that there was absolutely no reason to halt yesterdays trading. Except One and in that regard, IT WORKED! STAY
0 · Reply
Pampatrader2
Pampatrader2 Sep. 9 at 11:01 PM
$RECAF Expansion.
0 · Reply
Pampatrader2
Pampatrader2 Sep. 9 at 10:24 PM
$RECAF GABON: Economy: Oil revenue constitutes roughly 46% of the government's budget, 43% of the gross domestic product (GDP), and 81% of exports. Oil production declined from its higher point of 370,000 barrels per day in 1997. Some estimates suggest that Gabonese oil will be expended by 2025. Planning is beginning for an after-oil scenario.[13] The rich Grondin Oil Field was discovered in 1971 in 50 m (160 ft) water depths 40 km (25 mi) offshore in an anticline salt structural trap in Batanga sandstones of Maastrichtian age, but about 60% of its estimated reserves had been extracted by 1978.[49] As of 2023, Gabon produced about 200,000 barrels a day (bpd) of crude oil.[50] Gabon’s economy remains heavily dependent on oil and other natural resources, leaving it exposed to global market shifts and climate-related risks.
0 · Reply
reco2point0
reco2point0 Sep. 9 at 10:19 PM
$RECAF Wonder how the manipulators are feeling about all the new things RA is throwing at them along with ahead of the drilling schedule.
0 · Reply
Recaf21
Recaf21 Sep. 9 at 10:11 PM
$RECAF Haven’t seen this here yet. Apologies if it has been. https://www.linkedin.com/posts/welligence_gabon-new-entry-alert-reconnaissance-energy-activity-7371237289802489856-W2fW?utm_medium=ios_app&rcm=ACoAAALNa_YBdV1khO53Y9xNh540R09__ZYE9KU&utm_source=social_share_send&utm_campaign=messages
1 · Reply
EquitytheGrouchLee123
EquitytheGrouchLee123 Sep. 9 at 8:52 PM
$RECAF I'm just too tired and old to give a shit anymore. If all these other "ventures" get me some money, fine. I just don't want to wait another 5 -10 years. Not that I necessarily will be dead or an invalid, but money is no good to me once I can't remember why I like money. LOL
2 · Reply
Tomi_Stock
Tomi_Stock Sep. 9 at 8:26 PM
$RECAF https://www.reconafrica.com/investors/media/?utm_campaign=Blast%20-%20Sept%209,%202025&utm_medium=email&utm_source=Mailjet
0 · Reply
DamDamo
DamDamo Sep. 9 at 8:25 PM
$RECAF the NRs are coming thick and fast. Why all of this ...well,it could be it's a dry hole and they need some deflection when it's announced...we have seen that before. ..and I hope I'm totally wrong. Or, they know, they know what they have and this could be the start of the next oil frontier in west Africa that spans half the continent from Botswana or at least Namibia all the way up to the Gabon. Just huge. LFG.
5 · Reply
reco2point0
reco2point0 Sep. 9 at 8:11 PM
$RECAF Just came out https://www.reconafrica.com/investors/media/?utm_campaign=Blast%20-%20Sept%209,%202025&utm_medium=email&utm_source=Mailjet
0 · Reply
jmf123
jmf123 Sep. 9 at 7:32 PM
$RECAF if I didn’t own so much of this company already, I’d be scooping up a lot more shares. I think we are so well positioned in the months and years to come. GLTA
0 · Reply
Pollux1
Pollux1 Sep. 9 at 7:27 PM
$RECAF long’s holding onto shares. No one is selling. Management doing everything possible to make Recaf successful. Drilling in probably one of the planet’s last onshore megastructures spanning three countries . “Build it and they will come.” We need more investors. Hopefully It isn’t a bunch of dead baseball players. 🐂🇳🇦🛢️🛢️🛢️🛢️🛢️🤠
2 · Reply
HoleInHerStocking
HoleInHerStocking Sep. 9 at 6:47 PM
$RECAF
0 · Reply
Nrahot
Nrahot Sep. 9 at 6:30 PM
$RECAF How is 1well in 4 years ”short term cash flow” ? So I guess the rift is off the table
1 · Reply
reco2point0
reco2point0 Sep. 9 at 6:29 PM
$RECAF STEP ONE FOR RA = GET SELF SUFFICIENT WITH DISCOVERY. STEP TWO = DO WHATEVER THE HELL YOU WANT Pretty simple concept really.
1 · Reply
FightingIrish33
FightingIrish33 Sep. 9 at 6:13 PM
$RECAF Even though the share price hasn't moved with the news, I think the news is fantastic for all the longs here. To now be an on-shore AND off-shore developer is a positive move. To be teamed up with a current energy producer is another feather in our cap. Being teamed up with another company with so many resources will allow us access to more equipment and resources going forward. This will also take off the table that the SP would need to be diluted to raise funds. RECON+RECAF+BW=WINNER!!! Love the moves into Angola and Gibon. The cherry on top would be the current Well to be a production Well!!!!
1 · Reply
ReaIAlpha
ReaIAlpha Sep. 9 at 6:07 PM
$RECAF 1.The company's market cap is 135 mil 2. They just secured the rights to 7.7 mil boe at an 80% chance (and probably higher given the data collection tech we have now) 3. That value is over $500 mil, and ignores the other opptys we have (again 80% chance in 2016 of commercial oil)... 4. The company halted the stock for MATERIAL NEWS. We all thought this was minor. See 1,2 and 3 and think about it Brilliant move by BR and time to add imho, this is now severely undervalued.
1 · Reply
ReaIAlpha
ReaIAlpha Sep. 9 at 6:01 PM
$RECAF I guess I know why the stock was halted - materiality it doesn't seem like the market has woken up (see my post below) I am adding significantly
0 · Reply
ReaIAlpha
ReaIAlpha Sep. 9 at 5:59 PM
$RECAF https://www.offshore-technology.com/projects/loba-oil-field-nkembe-block/?cf-view Quote "The concept and feasibility study (CFS) for the fast-track development of the field was completed in September 2016. It reckons the Gabonese oil field to have an 80% chance of commercial success and estimates approximately 12 months of construction to bring the field into production." I don't think people realize what just happened... AI - The value of 7.7 million barrels of oil equivalent (BOE) depends on the current market price of oil. Since BOE is an energy-content measurement and not a single commodity, its value is an estimate based on the price of crude oil. For September 9, 2025, using Brent crude oil at $66.55 per barrel, the estimated value would be approximately $512.4 million.
0 · Reply
TotalReturn100
TotalReturn100 Sep. 9 at 5:41 PM
$RECAF “In 2017, Pura Vida's economic analysis determined that Loba was commercially robust, with a low breakeven oil price. However, the company ceased expenditure on the asset until funding could be secured. ”
1 · Reply
ReaIAlpha
ReaIAlpha Sep. 9 at 5:15 PM
$RECAF $RECAF There’s something that I know about investing in venture stage companies - as this is All you are doing is betting on management So you ask 1. Have they done it before? Yes 2. Do they have a proper solid team? Yes 3. And in resource plays - does the geology and science support the bet? Yes 4. Is management aligned with shareholders through their investment and trading behavior? Yes This is all we can ask for It’s a matter of when not if here imho
2 · Reply
wantahotdog
wantahotdog Sep. 9 at 5:13 PM
$RECAF adding more soon
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Old_Rig_Hand_Job
Old_Rig_Hand_Job Sep. 9 at 5:08 PM
$RECAF Does the Jarvie 1 float? Hahaha/ Broke ass ReconAfrica move offshore. Hilarious.
1 · Reply