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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 NameOfTheGameon Jan 25, 2021 12:25pm
337 Views
Post# 32376094

RE:first rattle out of the box...

RE:first rattle out of the box...
Those squeezes like last week make for real opportunities to recoup your initial investment when you know the company has several upstream catalysts coming that will bring the price up. I'm sitting on about 90 percent of my investment in this company as a long term investment and shorting 10 percent back and forth. I'm almost at 5000 shares for free. By no means am I some player, but this strategy is nice for a guy who doesn't like having to stare at his charts for more than 10 mins a day.
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