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.

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Reconnaissance Energy (Africa) Ltd > Recon

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Comment by C6J6Dub6Uon Jan 15, 2021 9:03pm

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Post# 32312202

RE:Recon

if your referring to shares all being snapped up i mean this. There are more and more bull investors, institutions, etc which means they buy it to hold it for the long. Taking them off the market essentially. Supply and demand. With lower amounts of shares available, share prices rise due to lack of supply and overwhelming demand.

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How a junior advances one of the largest undeveloped diamond projects