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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 Yo_Dogon Dec 22, 2022 2:05pm
140 Views
Post# 35187639

RE:Instead of speeding up they are slowing down!

RE:Instead of speeding up they are slowing down!Yeah. I suspected a delay until mid Jan. This is worse that anticipated. Lots of time to take a trading position in this, unless they pull a rabbit out of the hat wrt to a partner. 

How bag investors
1. PR a conference call the day before it happens. Do not tell of specifics of the call. Let speculation run wild. 
2. on the call talk nothing of a delayed drill program. Just talk about generalities of the project, looking for a partner etc.
3. Press release a 2.5 month delay to drilling just before Christmas. 

This company is amazing. The words I have for it are not for public display. 
They don't communicate with investors, with the exception of a few. 

I will pick up a good trading position when things go dead quiet and the shorts have their way. Because you know when they start drilling the spin machine will run. 
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