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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | RCNWF | V.RECO.WT

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

Post by Oregonduckon May 29, 2021 5:20pm
462 Views
Post# 33293120

Short Squeeze is not Happening

Short Squeeze is not HappeningOilprice is allegedly a paid service.

Reco is said to have undeclared naked shorts in the millions. There is no indication that it is in fact true.

The shares have turned over nearly 100 percent. Any shorts could have covered. Like the Meme stocks AMC which traded over 660 million shares out of 450 million cap last Friday. The stock surged and fell. due to Reddit retail buying and not shorting.

The Namibia shale oil is the next “blood diamonds”.



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