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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 Goaweighon Dec 16, 2020 9:43am
198 Views
Post# 32117634

RE:Fully diluted share count?

RE:Fully diluted share count?You have to dig around in the financials on Sedar, closer to 58,708,987 I believe.
22,059,276 @ .49
37,891,061 @ .99
1,241,350 exercised
58,708,987 remaining.

This was as of September 30 so with such a huge run since then some of those may have been exercised but maybe not. They all have a long life span so I suspect the holders would first sell at least some of their free trading positions all of which are between 200 % and 400 % gains
( when the stock is at $ 2.00 ) and then ride the warrants for the next 4 + years. 

You can see the stock is under constant pressure now since the big run so some of these PP holders have to be lightening up.



CanadaSparrow wrote: While we are are talking about warrants...

Does anyone know how many there are? Someone here posted that there were 171k shares including warrants. However, I only see the 32k from the pp.

Usually, companies post this on the IR page, but I didn't see any mention of it on their site. 


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