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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

Comment by RHertigon Jun 20, 2021 3:45pm
254 Views
Post# 33418234

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:When is the peak expected

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:When is the peak expected
You ask a very legitimate question. You received some good answers. Also the standard crowd saying you must be a short if you don't stand on the side cheering with everything you have. The best advice I ever received in this kind of investment I think fits. Hold two different investments here. One long term you don't sell. The other a trading position. When good news comes out and there is a spike sell some. Not all. If it keeps rising keep selling little bits. If more good news comes you still have some more to sell. When the news slows or a short attack comes you can then reinvest the trading dollars. Some, to long term holdings, some to trading position. The people who are good at this and patient can build a much larger position with less funds.
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