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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 doggiestyleon Feb 16, 2021 3:05pm
293 Views
Post# 32575856

RE:RE:New updates

RE:RE:New updatesI wouldn't count on much news tomorrow. Based on timing of drill schedule, I think this stock will drift sideways for months, but at least it seems to be building a base of support. 

Like all event driven stocks, it feels like nothing is happening and stock drifts as people get bored with it - but you don't want to be sitting on the sidelines if something leaks out (or if there is a formal news release) 
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