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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 GorgeousGeorge1on May 08, 2021 9:30am
342 Views
Post# 33159446

RE:ceo getting a little exercise.....

RE:ceo getting a little exercise.....That was Thursday wasn't it? Evans exercised 170,000 warrants and options for $60k. And sold 35,000 shares on market for $235k. Agree, not great, but not worth acting on. Personally I am getting a bit pissed off with the amount of activity from the board in respect to granting options, share sales, mergers, capital raises etc after drilling the first hole. They are definitely far more informed on the results of that drill than the market is and are acting accordingly. All we got is a few very vague lines, extremely light on detail. I'm wondering what the Canadian regulators would make of it all
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