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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

Post by Hotshot85on Jun 02, 2021 3:56pm
279 Views
Post# 33312608

Slow Grind

Slow GrindI really hope this is not the start of a long slow grind down all the way into news. looks that way to me. lots of shares out there and clearly some selling pressure until anticipation of results starts to take over.  still probably 10-15 trading days of pressure I estimate. 

we dont know when results are coming out. RECo could just give us the full data from 6-2 tomorrow.  they might wait for that info plus initial from 6-1. they may wait until seismic and 5-2 are done. 

I'm hoping something in between. 
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