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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

Comment by Bpultraon Mar 31, 2021 10:26am
203 Views
Post# 32913483

RE:RE:Operational Update imminent

RE:RE:Operational Update imminent
NFKRS17 wrote: If they give an operational update, that will be very bullish.  

Recall that they had originally said they would only come out with data after all 3 wells were drilled.  So why come out right after the very first well is completed?  Coz there is something positive to say!

================
why do you think a operational update will be bullish?   What happens if no oil...?  Its an update ?  
What is concerning is the falling off of the SP as traders hear about an update or want one or see one coming ... usually stuff leaks out and good news bad news will move the stock before the little guys ... US .. hear about it.. it is however low vol so the shorters can play with the SP... but has realy fallen off.... just play with money you can afford to loose.. GLTA

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