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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 Sandpointon Jun 25, 2021 4:45pm
539 Views
Post# 33452118

Maintenance

MaintenanceI think people are just a lttle skitish about the maintneance related shut down. There was not a lot of information, and when this happens, people tend to imagine the worst. This is especially the case here where there has been a huge increase in the stock proce ofver the last 6 months or so. They see that kind of info and they decide to try and protect their gains. Very understandable. But the worst is something is broken and needs to be fixed. Then they will fix it and  start drilling again.  These kinds of things happen. They have plenty of resources to weather this kind of thing. For me, nothing has changed. This is a stock with a great future. Fantastic Fundamental! I like to follow Buffet. Buy a good stock and hold it. Do not try and time the market. You usually just end up losing money doing that.
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