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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 Ebenizer3on Apr 22, 2021 10:21am
204 Views
Post# 33044157

RE:RE:RE:RE:RE:RE:RECO HAS LOST $500 MILLION IN MKT CAP SINCE MERGER ANNOUNCED

RE:RE:RE:RE:RE:RE:RECO HAS LOST $500 MILLION IN MKT CAP SINCE MERGER ANNOUNCEDtruly amazing no one complained about this transaction when roe paid the $100k for botswana. And roe at anytime could sale that option for any price to any suitor. Everyone had a chance to buy roe at around 0.04 or .05. for me I am up a mealsey 600% lol. When is it illegal for someone to profit from there hard work. The fact that reco bought the 50% back is a bullish sign before the nr bout a working petroleum system botswana wasn't nothing more than a potential prospect that still won't be drilled till the 3rd yr. Whether the 50% W.I. partner in botswana is roe or 88e or whoever will have to come up with 50% of money. and if u bought a $10 lotto ticket in reco at least wait till the drawing. Good luck to all and congrats frank on cgx getting there drill contract.
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