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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

Post by Redrum180on Jan 21, 2021 6:15pm
529 Views
Post# 32355441

Smug Bunch Here

Smug Bunch Here     RECO is a public company and management has certain obligations. 

     It seems like there are two classes of investors; those who jumped on the bandwagon of a very promising company and another group who has information (on the sell side) that should be public about the state of affairs on the ground.  I can't say that that is going on, with any certainty; I'm just saying that it should not happen.

     I didn't care for the condescending replies to my earlier question. 

     I've been investing for decades and I didn't just fall off a turnip truck!  

     There may be nothing to this slide but if ONLY some people know something negative, why should they be able to sell at higher prices than the bagholders who rely on news releases and company statements.
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