Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by SirRichard1987on Apr 22, 2021 3:01pm
455 Views
Post# 33046530

Mgt Tightens the Spring

Mgt Tightens the SpringReconAfrica's officers are displaying superb skills. First, nab the Kavango Basin. Second, buy their own exploratory drill. Third, accelerate call warrant exercise - raising capital before the stock pop. Fourth, announce deep oil & gas discovery then immediately buy out Renaissance Oil through a stock deal. True, S/H didn't like the dilutive effect of warrants. S/H also don't like the dilutive effect of the buyout. Nonetheless, ReconAfrica tightened control, tied up the loose ends, is debt free and poised for greatness. Anticipate explosive gains after successful second spud announcement. 
<< Previous
Bullboard Posts
Next >>