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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 AUborealison Apr 19, 2021 1:20am
411 Views
Post# 33020276

RE:RE:RE:CEO told me..no news until 3 drill program complete

RE:RE:RE:CEO told me..no news until 3 drill program completeLesson learned, eh!

If you want your investments to fly you have to learn how to sit on the nest long enough for them to hatch.

The steady accumulation since the last week of March at $2.90 up to $3.80 was the tip off.

Word was obviously getting around that the hole wasn't a duster.
The company NR of April 07 was the tip off for me.
You don't make those kinds of hires after completing a duster.

I suspect 'flippers' took it down the $0.30 two days before the NR...too bad, so sad.

In case you missed it:

Personnel

Diana McQueen has joined ReconAfrica as Senior Policy Advisor in the fields of Government, Indigenous Relations and Strategic Affairs. Diana is highly experienced in governmental affairs having held various Alberta provincial cabinet roles including Minister of Energy, Minster of Environment & Water, Minister of Environment & Sustainable Resource Development/Forestry and Climate Change, Minister of Municipal Affairs and Government House leader, and member of numerous committees such as Treasury Board, and Agenda & Priorities.

Also, joining the Company is Geoff Anderson , a petroleum geologist with over 17 years of experience in exploration and development geology, and petroleum economics. He has an MBA in Energy Leadership and is skilled in economic evaluation modeling and project development. Geoff started his career at BlackRock Ventures Inc. which was sold to Shell Canada for $2.4 Billion CAD in 2006. He also held a geologist role at North American Oil Sands Corporation that was sold to StatOil for $2.2 Billion CAD in 2007. His most recent role was as Senior Geologist and Economic Modeler with Prosper Petroleum Ltd. based in Calgary, Alberta .

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