Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | RCNWF | V.RECO.WT

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 Hiddensecretson Mar 24, 2021 1:56pm
347 Views
Post# 32867596

RETIREMENT by Doug is confirmation of successful drilling

RETIREMENT by Doug is confirmation of successful drillingThe fact that RECO acted with lightning speed in having Doug RETIRE from his functions was most likely due to the fact that drill hole #1 was successful and, they wanted no part in having an insider load up on shares who is privy to information that is not available to shareholders.

If drill hole #1 was not successful then there was no reason to have Doug retire because there was no material news and, the only insider news to him would have been an unsuccessful drill hole.

Common logic people.

A further confirmation can be obtained from the fact that the stock price has remained stable despite higher shares. 

It is almost impossible to stop LEAKS and, if hole #1 was unsuccessful price would have already plunged. 

The fact that it remains solid confirms what we all know, we have a PETROLEUM SYSTEM IN PLACE.

MPO


<< Previous
Bullboard Posts
Next >>