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 > Why the negative spin

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Post by Chandler027on Apr 21, 2021 10:42pm

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Post# 33042589

Why the negative spin

Since the farm-out to ROE, it was only a matter of time for the Merger to be announced. It is a win/ win for both companies. They're stronger together when it comes to deals offered in the future instead of letting someone in for cheaply buying out ROE. Remember RECO has a 52 week low of $0.26. We're going to have ppl profit taking as sp goes up or trades side ways for some days. Not that it matters however, my target price is $50 - $100. Its a marathon not a sprint. GLTA (no matter what you choose to do).

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