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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 pacer001on Dec 21, 2022 1:33pm
168 Views
Post# 35185132

Shorts in Recaf

Shorts in RecafI don't think the shorts are big players in Recaf when they can do so much better with other stocks. Prime example: Tesla.

A lot of knowledgeable folks have been saying for a long time that their cars are over rated, over priced as is Tesla stock. It was a natural for shorting. The last I read shorts made 11 billion so far! 
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