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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 Matteo1234on Jul 09, 2021 2:12am
390 Views
Post# 33519962

RE:RE:RE:The latest great article on us at oilprice.com

RE:RE:RE:The latest great article on us at oilprice.com

In the meantime, there looks to be a war looming over RECO, with one report saying short-sellers having amassed huge positions that they must now cover, prompting a barrage of misinformation and fake news campaigns targeting the company. (Here is a must read report on short and distort campaigns on Seeking Alpha and the lengths short sellers will go to.)

Time is running out, and fact-checking has never been more important for investors.

Investors need to understand the exploration processes, the pitfalls that face a junior explorer in a huge basin, and the environmental, social, and governance issues that we believe represent the only way forward right now - because no one wants another situation like Nigeria.

Just as important, investors need to understand how short sellers operate these days so they can navigate the sea of misinformation.

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