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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 werROBINHOODon Jan 25, 2021 9:53am
367 Views
Post# 32374245

Warrant pricing...

Warrant pricing........is showing a very strong up trend cycle. Price difference is now nominal. Short reports are notorious for inaccuracies. Given so many shares are trading on dark pool exchanges you can't trust the standard googled short report. Updated numbers do come out eventually but there is such a delay in the adjusted numbers the info is about worthless when making trade decisions. Even on the standard exchanges the shorts come out as a ratio% of the days action and requires some additional calculations to get an actual number. But again it's meaningless give the delay in dark pool reporting. 
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