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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 Moneycaton Nov 01, 2021 10:27am
300 Views
Post# 34072672

Not Looking good right now

Not Looking good right nowI still believe in the long term of RECO but it looks like the only one making money the last 4 months is the shorts. ( and that pi$$es meoff)  And for those that shorted above 10 they have made a killing.  The way this is going I could see the 3s by the end of the week.  Not good.  

Someone said long ago this stock is not for the faint hearted.....they were so right.  Hopefully it will start having some green days soon :(

If there is commercial Oil we go up huge!!  Plain and simple !!
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