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).

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Reconnaissance Energy (Africa) Ltd > What Shorts?

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Post by Redrum180on Feb 02, 2021 4:49am

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Post# 32444574

What Shorts?

On this board, I see references to people "shorting" RECO, the implication being the stock could be squeezed. Personally, I would not like to be short a company with so much upside.

From what I can see, there does not appear to be a large short position. If I'm reading the "short" list on Stockwatch correctly, it's less than 3 percent. Also some of these could be hedged positions.

Does someone have the accurate figure of how many shares have been shorted?

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