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).

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Reconnaissance Energy (Africa) Ltd > review ..

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Comment by Bpultraon Jun 28, 2021 10:41am

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Post# 33459450

RE:RE:RE:RE:RE:RE:RE:review ..

Yeah ... I almost sold some more CPG to buy up those 9"s of reco but I have a ton of reco right now...but maybe should have as CPG is red red AGAIN.... my dumping some CPG last week to buy RECO has netted me some nice coin... and my last 3.000 blocks of reco are now green...so you either believe the story or you do not.... these guys have oil.... so its just how much I did get a nice block of roe at 44 cents this AM ... could maybe make 10 cents on that one by the end of the day.... be nice to see reco close over $12 .. but they have some heavy sellers/shorters... then we will have all those new buyers at 9 dumping for a nice gain today as well, what a great opp to get some cheap reco ... GLTA
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Moemoney42 wrote: Morning BP.. looks like my $9 support call was correct this AM... I hope it holds for the day.. good luck buddy..! May the trade be on your side..!

"Yeah will see how things go I expect to be some big moves monday ... but there will be pressure on both sides of the trade in the AM so will see who wins ..."
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Moemoney42 wrote:I hope you're right BP.. I am always cautious of companies whose share prices run so quickly.. especially those with gaps.. that 11.25-11.40 gap got filled friday.. I hate to say it but I don't think the shorters are done here yet.. could be ~$9 before any real support appears.. the profit takers could get nervous and amplify the move.. be careful.. that said, I don't want to influence your decisions.. good luck..!