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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

Post by Ebenizer3on Jun 24, 2021 11:13am
183 Views
Post# 33441360

If only.....

If only.....the shorts could have waited for the pr this morning they might have had some capitulation, based on a broke down rig lol, but as always this management is one step ahead. Yesterday they made a huge mistake by telegraphing there intentions. The MM hav been controlling the price, I mean when u can put a bid in that's 0.50 higher then the ask and it doesn't execute somebody is manipulating the sp. And then at the close yesterday the sp dropped a bunch. And today look at the volume, will love to see the #'s for the short volume for today. I am sure it will be off the chart. And the shares today got gobbled up. So what u saw today was nothing more than a short attack, and if ur in this and uncomfortable take some off the table. Why the seismic is taking so long I don't know, I hav a feeling they are dragging it out so that by the time they get namibia done botswana will issue a eia and they can move to botswana since they are in the neighborhood. At the end of the day its about producing one of these wells. Good luck and congrats on picking up some cheapies.
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