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 > Most of the Warrants have been EXERCISED

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Comment by NameOfTheGameon Feb 03, 2021 6:39pm

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RE:RE:RE:Most of the Warrants have been EXERCISED

I'll be curious to see how dilution affects the stock price. Most of the value in this company is speculative. On one hand, the extra money improves our chances of a success on proving the reservoir through expanded exploration which technically derisks the play. On the other hand, you're also increasing the number of stocks by about 25%. I'm sure there's people here with better investment knowledge than me who can answer. I'm just knowledgeable on the formation evaluation side of things.

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