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 > Investors do not like UNCERTAINTY

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Comment by g0mar7on Aug 05, 2021 4:55pm

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Post# 33661054

RE:Investors do not like UNCERTAINTY

Couldn't agree more.

Why all the interviews pumping this July release up and when the world was watching, you release the bare minimum.

All the "Big money sitting on the sidelines" waiting for this?

I mean even if this turns out to be a pump and dump, this was one hell of a poor pump.

The other thing that annoys me is why the hell wouldnt you have made the investors aware of the fact that Nanimba owns the core samples and why wouldnt you have just let us know what the July news release would have so that investors arent suprised. Like way to 100% play into the bag holders short narrative.

I would have been better off not having a news release at all. I am still in as I was prepared to lose my entire investment at the $3 range. But an absolute drop of the ball on this one.

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