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Bullboard - Stock Discussion Forum 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... see more

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > re: RECAF===VERT IMPORTANT DAY COMING
View:
Post by kanemochi777 on Feb 04, 2021 10:28pm

re: RECAF===VERT IMPORTANT DAY COMING

 


With weighted average daily sale price above C$3 thru Feb 9th, recaf can call forexercising outstanding warrants from PP, generating C$33 mill, by Feb 25th, first well should be complete and rig mobilized for 2nd exploratory well. The elimination of warrants should substantially reduce shorting. 
Comment by amkestrel1961 on Feb 05, 2021 2:08am
Saw nearly identical post by harlanshawk on reddit  with 21 ups (i am harlshawk on reddit). It was dated 3 days ago.  please note origin of your post so you are not plagarizing.  
Comment by caliche on Feb 05, 2021 3:10am
we all know oil is made form dead dinosaurs lol firstly this is a permian rift basin.. meaning under water.. so unless the herds of elephants and tigers swam out into the ocean its not them that make oil also i dont think you would recognize animals from the permian..it was a few orbits of the earth ago.. got a bunch of reco and adding almost every day.. keep up the entertainment.. cheers ...more  
Comment by SculptorP on Feb 05, 2021 10:14am
They can give notice to exercise warrants "within 30 calendar days".  So March 8 would be deadline 
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