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

Reconnaissance Energy (Africa) Ltd > Cutting my position

<< Previous

Bullboard Posts

Next >>

Comment by g197040on Jun 25, 2021 1:56pm

158 Views

Post# 33451306

RE:RE:RE:RE:RE:RE:Cutting my position

That's a fair take. Honestly, I invested in this stock because of the billion barrell upside and their leasehold position. I didn't think once about oil prices. Getting those reserves in a company at .50 per share was a no brainer. Started off with a small position and as the news kept getting better, just added on. Regardless if it was at .60 or .40.

<< Previous

Bullboard Posts

Next >>

Understanding tax loss season and the “Santa Claus rally”