Reconnaissance Energy (Africa) Ltd V.RECO

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

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 > Get this rig on the high seas already

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Comment by Goaweighon Oct 10, 2020 11:14am

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Post# 31700796

RE:RE:RE:RE:RE:Get this rig on the high seas already

It might take a bit more than one effort to break this free from these levels.
Have you looked at the pricing of the financings and warrants ?
Everyone who bought into this story early on is into windfall territory already and they still have massive positions of in the money warrants too.
While you're thinking Cobra, I'm thinking Boa that's eaten a fat shareholder and needs to digest that bad boy before it goes anywhere.
Think we may see some risk management in our future, ie. sell the free trading for a 5 bagger and ride the warrants, so we'll need volume to help get those guys off their stock.
If there ever was a play that's exciting enough to do volume in anticipation of a big win then this is it but it may not happen over night.

I'm an owner and have bought a starting position and now trying to figure out where to go from
here. Of course I want to make a fortune here but don't want to buy a lot of stock just to see some guy pound out his massive pile of cheap paper dropping the price a dime just after I buy a ton more.

Oh the perils of the spec market, what to do ?

Letsmake1 wrote: Bad Al Cap

I was going to flip you the bird but instead since we appear now to be on the same team I send you a big juicy virtual Canadian Thanksgiving turkey for you and you family to enjoy.

Next week we break free from the grip of the traders and shorts back to the $1.20's and beyond...she tried hard this week but she is now coiled and ready for a huge leap forward.

Go RECO Go!!!