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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

Post by Oregonduckon May 31, 2021 12:17am
323 Views
Post# 33294962

Naked Shorts ??

Naked Shorts ??The key stats are the fails-to-deliver numbers for naked shorting without having first pre-borrowed the shares and unable to cover. Alternatively, an investor bought but couldn’t come up with the cash to cover.

SEC states the following:


“...Please note that fails-to-deliver can occur for a number of reasons on both long and short sales. Therefore, fails-to-mdeliver are not necessarily the result of short selling, and are not evidence of abusive short selling or “naked” short selling”.

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