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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 Oregonduckon Feb 16, 2022 3:58pm
216 Views
Post# 34435201

Canaccord the Bookrunner

Canaccord the BookrunnerThe investment firm acting as the sole "Bookie" laying bets is trying hard to resell the bought-deal to its accredited clients and offshore clients. Could end up stuck with unsold units since they are not that attractive. The stock is below the deal price and the warrants could be worthless, as according to the Co's preliminary prospectus, they are not detachable and there is no after-market value.

Suckers born every minute.




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