Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): RECAF | RCNWF | V.RECO.WT

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest Botswana over the Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (km2) (6.3 million acres) of oil and/or gas exploration properties comprising Blocks 1719, 1720, 1721, 1819, 1820 and 1821 situated in the Kavango Basin of northeast Namibia (the Namibia Licensed Property) and approximately 7,592 km2 (1.88 million acres) in Botswana (the Botswana Licensed Property). The two licenses together comprise over 32,933 km2 (8 million acres).

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Reconnaissance Energy (Africa) Ltd > More worrisome than any court challenges is ...

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Comment by Bpultraon Jul 28, 2022 9:21am

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Post# 34856526

RE:RE:More worrisome than any court challenges is ...

Wynjoe wrote: Sounds like another nail in the coffin,not that reco needed another. Even if drilling continues it will take weeks to discern drilling results.Plenty of time to buy when and if they don't go bankrupt in the interim. August 3 will see drilling shut down and environmentalists will be more prepared by then.No big oil will be interested in this play with all this turmoil happening. Below $2.00 tomorrow.Major sell

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when do you think you guys want to cover your short position ? mid 3's or you think you are going to be able to push it lower ?

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Geologica Resource: Polymetallic upside at a depressed price