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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 Cancundudeon Jan 17, 2021 8:42am
520 Views
Post# 32314953

RE:RE:RE:Short # RECAF

RE:RE:RE:Short # RECAF

Ha! For the record I made a comment for the possibility of it being over cooked. It could prove to be a reality and that's why the company needs to punch holes to see exactly what's there. To say I am a shorter because I bring a rational alternative possibility is silly. If this company is so wonderful and a sure thing then I would argue we would have been bought out or up to our eyeballs in lease fees and royalties already.  I am very excited but not foolish enough not to understand there still is risk of unforeseen variables not yet known. Now having 58,000 shares at an abc of 2.88 it's clear my bet has been laid. As far as shorts I say bring it on. The upside potential and the story spreading as fast as Covid has a couple of months to run before the drill result reality hits. In my mind the potential will drive this up and the shorts will be forced to cover. Another point is clearly the forced warrants conversions will add to the float and maybe some will recoup their initial investment and let house money ride so maybe a small dip but no doubt money will come in and fill that dip so fast we might not even notice it during a bathroom break. 

CCD

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