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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

Comment by Banker67on May 02, 2021 12:23pm
532 Views
Post# 33110732

RE:RE:RE:RE:RE:News Coming

RE:RE:RE:RE:RE:News ComingHe said “if weak hands get anxious” the share price could go down to $6 and that would suit him just fine - like me and many others who wouldn’t mind accumulating more shares at that price. In the meantime we all have our risk/reward positions and most are happy to wait for 40 days or as long as it takes. We all know what happened when RECO was “forced” to release the generic results from the first well. If this happened again and the results were positive the share price will most certainly more than double.  The upside of holding is much greater than selling and being on the sidelines one day when RECO opens at $15-16 (who knows).
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