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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

Post by Goaweighon Mar 15, 2021 11:30am
346 Views
Post# 32798635

Warrants expire March 18 so any resistence they may have

Warrants expire March 18 so any resistence they may have
caused will be gone. What if anything will happen I don't know but usually warrants being exercised creates downward pressure on a stocks price so when that has been relieved ....

I wish I could figure out the thinking of a tight hole here, it's not like we need to keep success a secret incase we want to pick up more ground, we already have most of Namibia staked don't we ?

I don't know how you can take $ 33 million from investors with a clear consience while knowing you're drilling a duster.
Know what I mean !
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