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

Reconnaissance Energy (Africa) Ltd > WE Need to break that 11.80 block

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Comment by TenneseeOilon Jul 01, 2021 10:27am

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Post# 33478969

RE:RE:RE:WE Need to break that 11.80 block

They did their best to sell us off at the beginning. Kind of a dumb play... or US players taking advantage of the $10.00 Price.

The majority of this stock is now held in ADR's. So the US is the primary market now in terms of Share holders. That can change easily obviously if Canadians or Germans buy more of the shares. Obviouosly the securities are still listed on TSX and will be.

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