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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 veryfishyon Apr 20, 2021 10:17am
351 Views
Post# 33028462

RE:Something very fishy.

RE:Something very fishy.Normally I ignore questions on my personal investments. My holding was 10% of my RRSP when I bought the 70 cents unit. I sold my warrants to reduce my cost to less than zero. My target on the stock before the merger was exposed for what it is - was $6.50 or around $1 billion in market cap.  In fact it makes no difference what my investment  position is. I am furious with this deal and its history and  I expect it to fail. 
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