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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 Seraphim1on Jul 29, 2021 9:03pm
322 Views
Post# 33630250

RE:Announcement? Weekend worries.

RE:Announcement? Weekend worries.

CammerRec wrote: As to judomacco's post about the announcement, I have found that bad news is usually dumped on a late Friday pm - and especially going into a long holiday weekend such as the upcoming Canadien one. Good news in more frequently released early in the week.

This is why there usually is a lot of selling on Friday afternoons and buying a on Monday am - some don"t want to get caught holding the bag if something bad happens.



I know we are in the hands of a very seasoned team at RECO. I believe the news will be good from the inferences  and tweets we've seen from IR's Grayson Andersen. 

I also firmly believe that the news will be strategically timed with the long weekend in mind to inflict  as much damage as possible to the shorts. 

stay strong and hang on through to the announcement regardless when it comes

 

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