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

Reconnaissance Energy (Africa) Ltd > Warrants

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Comment by righandon Feb 09, 2021 11:19am

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Post# 32512848

RE:Warrants

cyrustg wrote: Will the company put out a news release when they call the warrants ? I believe the 20 business days above $3.00 has been reached . Then 30 days to be exercised or they expire.That would be about when the second well and the 2D is done

“The Warrants will be subject to acceleration of the expiry date to a date 30 calendar days following notice to be provided to the holders of the Warrants by the Company”

The company has to issue a press release to accelerate the warrants. We should get an operational update as well. $34 million extra cash for operations and operational update. That should make it big green tomorrow. Looks like there is a bit of a sale on right now.

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