Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): RECAF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the opening of Kavango Sedimentary Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. It holds 90% interest in a petroleum exploration license in northeast Namibia and a 100% interest in petroleum exploration rights in northwest Botswana over the entire Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (6.3 million acres) and 8,990 km2 (2.2 million acres) in Botswana. The two licenses together comprise 34,325 sq km (8.5 million acres). Its conventional drilling program is focused on analyzing the rocks to determine if there is a working petroleum system in the Kavango Basin.

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Reconnaissance Energy (Africa) Ltd > A little help

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Comment by peterj99on Dec 12, 2020 10:28pm

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Post# 32094651

RE:A little help

I may have misunderstood your post.

Selling shares is not shorting.

Shorting is borrowing stock and selling that borrowed stock and hoping to buy the borrowed shares back at a lower price, and then returning the borrowed shares

A lot of very intelligent people have put their reputation into this project as well as a lot of money and effort.
My guess and it is only a guess, is they will find oil.
I hope and think it will be a commercial quantity.

Never gamble more than you can afford to lose.

Good luck RECO shareholders