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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 TenneseeOilon Jun 19, 2021 1:08pm
557 Views
Post# 33416865

Frank

FrankDo yourself a favor go long... or protect your assets. There isn't more than 10-16 million shares in weak hands and their hands are likely getting stronger by the day. The only risk here is no commercial Oil and that doesn't appear to be too likely.

The Oil Industry did a lot of "Firing people I mean re-structuring" There is always a guy or gal who knows a guy or gal. I have a relatively small position however I know at least one retired Oil guy who owns 500,000 shares and another person who I'm not sure how much they own. 

This is a dangerous game and I wouldn't want to see anyone get in the way.
I have no problem with shorting and if you can take that share price down I will continue to be a small buyer. But dang man things could move so fast and if something blew through a stop ouch just ouch. 
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