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 > Went to the Horses mouth

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Comment by WHVWHVon Mar 06, 2021 3:59pm

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Post# 32736920

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Went to the Horses mouth

I do not know how many warrants are still outstanding. As of about a week ago there had been about 2/3 redeemed. I am not expecting a large sale on warrant redemeption. A lot of the warrant holders who are still holding, like me, are not in a rush to sell those warrant shares and do not need any share money to redeem them. There may be cases where their account rep tries to talk them into it because they are conservative reps. Most of the folks still holding warrants are pretty savy investors, so expect them to act accordinly.

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