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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 grenouilleon Jul 29, 2021 9:03pm
275 Views
Post# 33630248

RE:Announcement? Weekend worries.

RE:Announcement? Weekend worries.what's to keep NAMCOR (the namibian state oil company that holds 10% of the rights) from making the announcement whenever they please?  as partners, they are privy to all the information the company has,

if the lab results were released early monday morning windhoek time, it would hit the north american news media about midnight  sunday evening, and be on the streets first thing monday.  

canadian markets are closed monday, but u. s. will be open.

if the results are good (and i believe they will be), there may be a massive rally in u. s. markets.  the rumored large naked short position in canada would be very uncomfortable at this time since their markets are closed, and the shorts would be unable to do much beyond wailing, moaning, and profuse sweating.

oh, happy day !!!
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