Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): RECWF | RECAF | V.RECO.W.A

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 > ...fear is weakness

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Comment by teheran10on Apr 20, 2021 2:19pm

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Post# 33030365

RE:...fear is weakness

The fact is that someone is accumulating the shares all day and it has been almost 2mln of them trading hands. The gap had to be filled one way or another after such a run.
We have oil and that is all that counts. Soon these prices will be a joke when we are at dozens or hunderds of dollars.

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