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 > New guy 2 million shares

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Comment by hipfneron Feb 25, 2021 7:36pm

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Post# 32667509

RE:RE:RE:RE:New guy 2 million shares

Totally correct. Mark Gerlitz owned shares that were VALUED at $2 million when he became an insider due to him becoming a Board member.

We have no information when Gerlitz bought the shares, nor at what price.

Regardless, I'd rather see this example, than the usual - board members normally have no investments except what was gained from the generous options awarded for being alive.

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