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 > shorts are stubborn

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Comment by Flintstone60on Jun 13, 2021 4:05am

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Post# 33378900

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:shorts are stubborn

Yes, I agree you.TurnTotheright, at 32, apparently knows his way around the oil business, but not the stock market. I am in my 60s and have been successful in the stock market for over 40 years and know, for example, it is absolutely not a matter of production quantities and the start of production, as this is only the second step. The first step is the proof of conventionally recoverable oil/gas and a first estimation of what might be there in this first sub-basin. When this is published, possibly even before via leaks, the price may explode. This is how the stock market has always worked and will always work.

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