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Reconnaissance Energy (Africa) Ltd V.RECO

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

Comment by Bpultraon Jan 20, 2022 2:53pm
257 Views
Post# 34338746

RE:RE:RE:RE:NEWS

RE:RE:RE:RE:NEWS
C1v1k6 wrote:
bpultra why will the market not like this nr? Just not enough information brought out?

==============
if you look at the total ownerhsip of this stock most is currenlty held by retail... and they were expecting a better NR... there is nothing wrong with the NR ... just alot of people do not want to wait... plus helps the shorts a simple NR like this you can see some of the dumbs dumbs on here already talking about nothing... so you saw the SP go to 6.01 and it has recovered pretty nice right now .. much better than I thought to be honest .. a real battle right now with some shorts who pulled more out this AM and now are trying to cover ,, then we had a group pull a bunch out when over $7 so they are well in the money covering right now... this is just short term noise .. long it still an interesting story 
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