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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 Jul 28, 2022 9:21am
112 Views
Post# 34856526

RE:RE:More worrisome than any court challenges is ...

RE:RE:More worrisome than any court challenges is ...
Wynjoe wrote: Sounds like another nail in the coffin,not that reco needed another. Even if drilling continues it will take weeks to discern drilling results.Plenty of time to buy when and if they don't go bankrupt in the interim. August 3 will see drilling shut down and environmentalists will be more prepared by then.No big oil will be interested in this play with all this turmoil happening. Below $2.00 tomorrow.Major sell

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when do you think you guys want to cover your short position ?  mid 3's or you think you are going to be able to push it lower ? 
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