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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 NameOfTheGameon Jan 25, 2021 12:25pm
354 Views
Post# 32376094

RE:first rattle out of the box...

RE:first rattle out of the box...
Those squeezes like last week make for real opportunities to recoup your initial investment when you know the company has several upstream catalysts coming that will bring the price up. I'm sitting on about 90 percent of my investment in this company as a long term investment and shorting 10 percent back and forth. I'm almost at 5000 shares for free. By no means am I some player, but this strategy is nice for a guy who doesn't like having to stare at his charts for more than 10 mins a day.
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