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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 Cancundudeon Jan 17, 2021 8:42am
504 Views
Post# 32314953

RE:RE:RE:Short # RECAF

RE:RE:RE:Short # RECAF

Ha! For the record I made a comment for the possibility of it being over cooked. It could prove to be a reality and that's why the company needs to punch holes to see exactly what's there. To say I am a shorter because I bring a rational alternative possibility is silly. If this company is so wonderful and a sure thing then I would argue we would have been bought out or up to our eyeballs in lease fees and royalties already.  I am very excited but not foolish enough not to understand there still is risk of unforeseen variables not yet known. Now having 58,000 shares at an abc of 2.88 it's clear my bet has been laid. As far as shorts I say bring it on. The upside potential and the story spreading as fast as Covid has a couple of months to run before the drill result reality hits. In my mind the potential will drive this up and the shorts will be forced to cover. Another point is clearly the forced warrants conversions will add to the float and maybe some will recoup their initial investment and let house money ride so maybe a small dip but no doubt money will come in and fill that dip so fast we might not even notice it during a bathroom break. 

CCD

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