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).

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Reconnaissance Energy (Africa) Ltd > StinkyFish working for a major or just a crooked broker

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Comment by peterj99on Apr 20, 2021 1:19pm

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Post# 33030007

RE:RE:StinkyFish working for a major or just a crooked broker

You posted "The RECO board screwed RECO shareholders by selling lands for $100,000 in June 2020 and now is buying those same lands back for $155 million in new RECO shares, diluting RECO shareholders by 15% in new shares issued. You pay for that dilution."

So if you bought under say, $5, you are being screwed because the shares are $7?

I guess getting screwed can be a good thing LOL

Also, I am surprised you would put shares in your RRSP that you believe are risky!

BTW: you can only spend your own money , so why worry about someone else making money?