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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 judomaccaon Mar 22, 2021 5:17pm
231 Views
Post# 32854855

Insider information

Insider informationIf Doug 's motive iin retiring was to sell his shares using insider information that is negative it does not protect him from being charged with profiting from insider information. He still can be charged by both the authorities and civil charges brought by sharehoders. If that is the case the result he may achieve is having the cash from his 1.4m shares eaten up in legal fees. This does not seem logical of him, so I think there is another reason for his retirement and that reason had better be forthcoming by RECO in a transparent manner.
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