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 > RECO HAS LOST $500 MILLION IN MKT CAP SINCE MERGER ANNOUNCED

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Comment by GorgeousGeorge1on Apr 22, 2021 5:03am

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Post# 33042912

RE:RE:RE:RECO HAS LOST $500 MILLION IN MKT CAP SINCE MERGER ANNOUNCED

Yes it's unfortunate that some were caught out with the exuberance, but anyone who paid above $9 is in a minority, look at the volume traded in that range. You could however argue that a $1.5B market cap is not unreasonable. Hopefully with a few more successful drills we trade well north of $10. Time will tell

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From now on, dynaCERT instead of Bitcoin or NVIDIA?