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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 Banker67on May 02, 2021 12:23pm
541 Views
Post# 33110732

RE:RE:RE:RE:RE:News Coming

RE:RE:RE:RE:RE:News ComingHe said “if weak hands get anxious” the share price could go down to $6 and that would suit him just fine - like me and many others who wouldn’t mind accumulating more shares at that price. In the meantime we all have our risk/reward positions and most are happy to wait for 40 days or as long as it takes. We all know what happened when RECO was “forced” to release the generic results from the first well. If this happened again and the results were positive the share price will most certainly more than double.  The upside of holding is much greater than selling and being on the sidelines one day when RECO opens at $15-16 (who knows).
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