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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 Chas15on Jan 29, 2021 2:40am
184 Views
Post# 32417721

RE:RE:Share price recon africa

RE:RE:Share price recon africaGreat points, George. A drop was inevitable but I think we've had one green day, maybe two, since we touched $5. I think downward pressure takes over and keeps pushing this lower until news on the drill is released, which may prove to drive the price to December or November levels if they wait till after the 3rd well as they've stated. Honestly, it won't matter if they find what they think is there. Patience will pay on this one, buy on the way down if you can afford the risk. And btw - I hope i'm wrong and it goes north instead of south! 
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