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Bullboard - Stock Discussion Forum 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... see more

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > No News is Bad News
View:
Post by Oregonduck on Aug 05, 2022 12:46pm

No News is Bad News

The Co shouldbbe taking a series of drill cuttings samples at depth intervals beginning at a point above the shallowest potential reservoir zone expected in the well and continuing to the total depth of the well.
Good news always leak in penny stocks. As I had said before, the Co will not release any bad news about no oil found and will stall saying they would be proceeding to drill the next well and so on. Bad news will absolutely kill this stock.

Zero momentum in the stock price and that is not good.
Comment by C1v1k6 on Aug 05, 2022 1:04pm
since day one they have been tight lipped on everything that have shared and nothing has ever leaked out with reco.. so your full of sh!t if something were to leak out I'd be more worried
Comment by Yo_Dog on Aug 05, 2022 9:19pm
Maybe they have been ordered ... "say anything and you're fired".    RECO has been dealing with a series of negative press and it must be tiring. Maybe they want to keep this thing tight and then all of a sudden put the results out .. to burn the shorts and naysayers.  Kinda an interesting time ... 
Comment by pacer001 on Aug 05, 2022 10:13pm
Right you are yodog.  They are holding back to release next week at the huge energy conference where everyone that anyone in energy will be there along with the world's media. This will give Recaf a huge bang and exposure. And the stock will go up too!
Comment by whereitsgoing on Aug 08, 2022 3:44pm
What energy conference this week?
Comment by Bpultra on Aug 08, 2022 3:47pm
https://enercomdenver.com/event-info/second-day-schedule/
Comment by pacer001 on Aug 08, 2022 3:54pm
Thanks bpultra for the link in that I have trouble getting them to post here. Any way we are on Tuesday at: Confluence C Time Ticker Company  ...more  
Comment by pacer001 on Aug 08, 2022 4:08pm
Note the timing of our presentation: just when the markets open.  In media relations the practice is to drop good news early in the day before markets and to assure it gets picked up by as many media as early as possible. Bad news is usually released later in the day after markets and deadlines. So I am taking a gamble by buying more Recaf today but I feel good about it!
Comment by C1v1k6 on Aug 08, 2022 6:15pm
what day are we on for drilling? we have to be getting close to completing
Comment by pacer001 on Aug 08, 2022 3:49pm
Whereitsgping, here is some info on the big energy conference starting today In beautiful mile high Denver. I believe Craig and the team are presenting tomorrow and it would be a great venue and time to release some good news with every one in energy and the media there. Details Sun, Aug 7 – Wed, Aug 10   The Westin Denver Downtown 1672 Lawrence St, Denver, CO ...more  
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