Reconnaissance Energy (Africa) Ltd V.RECO

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

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).

TSXV:RECO - Post by User

Reconnaissance Energy (Africa) Ltd > institutions and hedge funds

<< Previous

Bullboard Posts

Next >>

Comment by Letsmake1on Jan 13, 2021 8:17am

220 Views

Post# 32283257

RE:institutions and hedge funds

Elephants wrote:
looks like the institution and hedge funds came in last night and more this morning. Looking like $4.50-$5.00 today. Just saying, I called $5 months ago. That's a very fair risk reward price for this.

Do most of them have a $3 barrier...is this why we are seeing them now?

<< Previous

Bullboard Posts

Next >>

Understanding tax loss season and the “Santa Claus rally”