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 > Low Share Price

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Comment by bidoux67on Jun 08, 2021 3:41pm

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Post# 33349284

RE:Low Share Price

I am surprised myself as well. I think we might have to wait a bit for the 2nd drilling results to be completed in the next couple of weeks. I can only assume the results will be great and we should reach our ATHs again. In the meantime I have no idea where our share price will drift to. Usually the price trends upwards with anticipation of good news but so far that has not happened. Guess we will just have to have a little more patience. GLTA!

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