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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.


TSXV:RECO - Post by User

Comment by Cancundudeon Jan 13, 2021 8:50am
265 Views
Post# 32283421

RE:institutions and hedge funds

RE:institutions and hedge funds

Morning! Just came aboard a few days ago. Sold all my large cap oils back in Oct and have loaded up on small caps. Came across a research report and reached out to others and the excitement in the industry is huge but on the down low, for now. Major money players are taking positions. Having said that the down side with all that excitement is it  feeds and emboldens the environmentalists for international exposure. Not that concerned but will drive the story from two angles which is great regardless. Premarket jockeying is always a good sign for explosive upside. Imagine Big oil are scratching their heads now that they actually see a bought and paid for company rig poking holes in all that virgin ground. Exciting times ahead and wish I got in a moth earlier but better late than never  

CCD

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