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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 Zoolanders21on Aug 05, 2021 4:04pm
282 Views
Post# 33658568

Near term catalysts?

Near term catalysts? i love this play but agree that the news release was underwhelming. I am holinding my warrants for the LT but pulled the plug and sold my shares today as I agree with  previous poster that without any near term catalysts the SP will drift lower over the coming weeks particularly considering we are in the middle of summer with low volumes. Looking to rebuy lower and increase my total share count. Will dabble in some other things in the meantime. GLTA 
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