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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | V.RECO.W.A

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 Ebenizer3on Jun 09, 2021 9:53am
204 Views
Post# 33354349

RE:RE:RE:RE:RE:RE:wow....

RE:RE:RE:RE:RE:RE:wow....uhhh... i think there is a difference between the shorts that are traded daily and the short positions that are sitting on the books. we know that daily shorts makeup 40 to 60% of the shares traded, MM swapping spit trying to get the longs to react and the newbies who got in late to think something terribly wrong. Then u have the day traders who only make money on pennies. It comes down to this if you think this rookie management team, lol can't get the job done then you need to move on. It's not rocket science to produce a well they trucked in EF, Bakken and the Permian basin many miles long before they had infrastructure (storage tanks and pipelines). To those who got in at 0.20's congratulations. Good day
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