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 > WE Need to break that 11.80 block

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Comment by TenneseeOilon Jul 01, 2021 10:27am

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Post# 33478969

RE:RE:RE:WE Need to break that 11.80 block

They did their best to sell us off at the beginning. Kind of a dumb play... or US players taking advantage of the $10.00 Price.

The majority of this stock is now held in ADR's. So the US is the primary market now in terms of Share holders. That can change easily obviously if Canadians or Germans buy more of the shares. Obviouosly the securities are still listed on TSX and will be.

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