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 would they do that at ?

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Post by Matteo1234on May 06, 2021 3:20am

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Post# 33138692

Why would they do that at ?

This thing they got going with Haywood is... They use Haywood to promote the company. By writing positive articles. Giving positive price projections. They have paid Haywood off with shares in the company. Now they do a capital raise initiated with you guessed it. Haywood. Haywood puts out a price projection report giving Reco a $12.50 price target while sameday halting the stock and buying a big chunk below market. Is this normal practise in the Junior space ? I' m not a expert on this. Looks a little dirty to me. Any Ideas here ?

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