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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | RCNWF | 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).


TSXV:RECO - Post by User

Comment by Chas15on Jan 29, 2021 2:40am
194 Views
Post# 32417721

RE:RE:Share price recon africa

RE:RE:Share price recon africaGreat points, George. A drop was inevitable but I think we've had one green day, maybe two, since we touched $5. I think downward pressure takes over and keeps pushing this lower until news on the drill is released, which may prove to drive the price to December or November levels if they wait till after the 3rd well as they've stated. Honestly, it won't matter if they find what they think is there. Patience will pay on this one, buy on the way down if you can afford the risk. And btw - I hope i'm wrong and it goes north instead of south! 
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