Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): V.RECO.W.A | RECWF | 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 > RECO HAS LOST $500 MILLION IN MKT CAP SINCE MERGER ANNOUNCED

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Comment by doggiestyleon Apr 22, 2021 10:59am

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Post# 33044515

RE:RE:RE:RE:RE:RE:RE:RECO HAS LOST $500 MILLION IN MKT CAP SINCE MERGER ANNOUNCED

Does anyone else feel like this stock is not getting enough recognition for the exciting and promising results from the first well and from protecting their intersts in Botswana with the ROE merger? It traded consistanlty between 3 and 4 dollars on nothing but Aerial Mag and now that they have proved it is there it has only doubled??

I have no way to know what the Market cap should be today as its all based on future potential but the fact that the stock has not reacted more to this news is surprising to me. There are some large juniors in Canada with a higher market cap that don't have %5 of the potential that this has

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle