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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 Hotshot85on Jun 28, 2021 8:28am
316 Views
Post# 33458772

MEME STONK

MEME STONKthis is never going to be that.   Reco is going to need to fight this with credible news and details from our wells.  This short  and Distort thing has some legs. there are a bunch of people who made some money here and dont want to see all of those profits ripped away. I have a feeling this continued downward trend will continue until there is some news. otherwise if we are losing 15% a day we could end up in the $3-4 range next week. 

I thought they may come out early with the detailed data from 6-2 but that doens't look like its going to happen and the OILPRICE.com piece is not going to throw the price a life raft. 

it's a spec stock, there are going to be up and downs. i think i lot of people simply got used to UP in this one. 
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