Reconnaissance Energy (Africa) Ltd V.RECO

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

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 > Impatient Sell Off - Rookie Mistake

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Comment by Wynjoeon Aug 30, 2022 10:35am

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Post# 34929454

RE:Impatient Sell Off - Rookie Mistake

Seasoned investors, lol.They are selling for the last six months while at the same time promoting this stock.Reco has broken to the downside...THAT'S VERY BAD!!! Reco would have to strike the oil find of the century to surpass $6.35(last equity raise).Someone knows something,hence the sell off...Realistically with s/p @ $3.35 and a marketcap of OVER 600 BILLION DOLLARS..tell me where that value is? If oil is not discovered in any significant way with our remaining few "millions" of dollars left ..reco is and will be BANKRUPT!!!

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Geologica Resource: Polymetallic upside at a depressed price