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.

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Reconnaissance Energy (Africa) Ltd > Most of the Warrants have been EXERCISED

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Comment by NameOfTheGameon Feb 03, 2021 6:39pm

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Post# 32465914

RE:RE:RE:Most of the Warrants have been EXERCISED

I'll be curious to see how dilution affects the stock price. Most of the value in this company is speculative. On one hand, the extra money improves our chances of a success on proving the reservoir through expanded exploration which technically derisks the play. On the other hand, you're also increasing the number of stocks by about 25%. I'm sure there's people here with better investment knowledge than me who can answer. I'm just knowledgeable on the formation evaluation side of things.

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