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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

Comment by Seraphim1on Jan 16, 2021 8:18pm
296 Views
Post# 32314364

RE:RE:RE:RE:RE:RE:RE:Next major NR?

RE:RE:RE:RE:RE:RE:RE:Next major NR?

Chas15 wrote: Yes, so like I said in my original message - they'd release a news release claiming "No Material Change" in that case. Working in a foreign country has literally nothing to do with what I'm saying. I don't understand what is so difficult to comprehend, as it happens frequently. Regardless of where a company handles their business, if there is a large increase in SP then the exchange (they must follow Canadian Security laws as well) occasionally halts the SP until the company releases news or no material change - then the company will begin trading again. This is how the exchanges creates a "fair market"...lol or they try to anyways. 

 


true, except that if the stock is halted, and there is a material change the company has 2 options. Release the material change or to stay halted till the 3rd hole is done. They will never say "no material Change" if there is, as that would leave them open to lawsuits.

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