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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  V.RECO.W.A | RECWF | 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 pacer001on Aug 04, 2023 6:16pm
135 Views
Post# 35574317

RE:Insider trading

RE:Insider tradingThese are NOT real trades; they are just options to buy. But this does explain the rising stock. They are pushing the stock up so the fresh group of suckers will buy and push it up higher so that when it gets higher they can exercise their options and cash out lining their pockets with some nice quick easy bucks. Then down, down, down Recaf goes! These shenanaguons should be illegal but they are not.

That being said we now know how high Recaf will go and when to bail out if one wants to play this very dangerous game!
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