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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 InvrsContrarianon Apr 29, 2021 12:11pm
398 Views
Post# 33093749

RE:RE:RE:LAte in game

RE:RE:RE:LAte in gameI got in late, hesitated at $5.something then made a real push the second day. Made about 10% and now I got free shares! And it's priced in my comfort zone. So cash plus free shares for a crazy stock that could go either way. Oil is risky but the upside is humungous. I'd rather play with house chips any day of the week. Time to take the summer off and not stress about my hard earned cash. Good. Luck to all!
Banker67 wrote: My suggestion is to do your own DD, buy fewer shares around $8.00 and see if you can live with $24.00 a share by the end of the summer. Yes, you could lose it all so just invest what you can afford to lose. My son bought 400 shares at approximately $3.75 and he can’t afford any more but the upside was attractive. Still less risky than the casino given the results of the first well.


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