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 > True story

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Post by C6J6Dub6Uon Dec 02, 2020 9:35pm

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Post# 32023711

True story

I got in at 1.19/share. Saw it go up to 1.80. Watched it going down..... sold at 1.56 to avoid losses. Saw it go back up immediately, probably even the same day. Bought back in at 1.90. Also bought a book to read. "Stock Trading for Canadian Dummies" My holding went from 23500 shares to 16780 shares for my mistake on Reco. Let's guess ... if it takes off and is successful even a little... I lost out on ... 6720shares X $10 = 67200. If it only goes to 10 bucks. True story. GLTA Hold on to those shares! Might be "too late" soon!

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