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.

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Reconnaissance Energy (Africa) Ltd > The part I like

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Comment by Oildogon Jul 14, 2021 9:54am

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Post# 33541757

RE:The part I like

Moneycat wrote: is Options at yesterdays close price. $11.39. Personally I think that is relevant as to me it means they know they have something. Why would someone get excited about an 11.39 option if you thought the price was going to go down ?? Always look into the actual release and think like the executives and what they are thinking !!!!

Yes and it also means someone wants to buy 9 million $ worth of stock at 11.39 I wonder who the new guy is and what does he bring to the table.

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