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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 TenneseeOilon Jun 25, 2021 12:13pm
178 Views
Post# 33450675

Afternoon Predictions?

Afternoon Predictions?So far Longs are laying down and taking it. I think we will Close around 10.50 today I think we will be around 10.75 towards the EOD but we will see a .25 of share price evaporate in the final 5.

If we take on a short attack inn the afternoon then I think we end between 9.50 and 9. in a short attack with volume. They will have taken out two important points of resistance if that happens. They feel out the mornings and either go for the kill or based on resistance  but they've always let the price rise on lighter volume.   
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