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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

Comment by jwa444on Jul 20, 2022 12:36pm
143 Views
Post# 34837468

RE:Pressure to downside....

RE:Pressure to downside....You and a few of your friends (see "Duck") are like yappy little lap dogs that won't shut up.  It diminishes the usefulness of this board.  While there's still some risk to this stock, it's been mostly de-risked by good science since its market cap was about $2B.  In the meantime the stock has been pushed down to a MC of US$716M, primarily due to shorters like you peddling lies, false conjecture and other misinformation.  So now it's an asymetric trade....one third the price, and a lot less risky.  I have a huge portion of my net worth riding on this company and my expectations are all positive for results about 30 days from now.  Anyone who gets scared out of a long position is making a mistake.
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