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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

Post by Hiddensecretson Jul 25, 2021 11:18pm
541 Views
Post# 33602803

Per Article (same as Gamestop): $ 10.80 to $ 490/share

Per Article (same as Gamestop): $ 10.80 to $ 490/share I love this part in the article:


With a position this large (and the folks at Buyins say the undisclosed short could be in the tens of millions of shares), we believe short-sellers will do absolutely anything to avoid losing multi-millions of dollars.

So how do you fight such a powerful force when regulators are incapable? Ask Gamestop.

The only thing that can hurt the short-sellers is a big buying squeeze—similar to what happened with Gamestop.

The market actually appears broken, which makes this the only recourse we see as available.

https://oilprice.com/Energy/Energy-General/Why-Short-Sellers-Are-Desperately-Trying-And-Failing-To-Sink-Recon-Africa.html

mpo

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