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

Reconnaissance Energy (Africa) Ltd > rennaissance is a bargain

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Comment by Goaweighon Apr 19, 2021 1:51pm

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Post# 33022798

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:rennaissance is a bargain

Maybe the market is considering the possibility that the RECO shareholders might vote against the merger.
The thinking might be " Those ROE clowns haven't found a drop of oil yet so why should we pay
$ 155,000,000 for moose pasture, or maybe camel pasture in this case "
Just a thought !

Matteo1234 wrote: As far as I understand the news release. RECO wants to aquire ROE for it's land rights. ROE shareolders get .046 a share of RECO. At $9.00 X .046 = .042 cents a share. Why is it trading at .033 cents. Does anyone have an answer ?

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