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 > Hello All!

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Comment by Tarheel89on Jun 18, 2021 9:01pm

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Post# 33415840

RE:RE:Hello All!

check the investor presentation for ownership %. And the RNSFF deal will put a lot more shares in insiders hands. Theres also a lot of us with a lot of shares who aren't going to settle for a 10x either. We know what we have and we know that in a couple of years we will have a 50x to 100x from here. So, i guess what Im saying is insider ownership is 2x what youve stated and then there are many whales who are true believers and are here for the long haul.

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