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 > Shorts

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Comment by AnMaron Jul 02, 2021 11:40am

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Post# 33482046

RE:Shorts

I agree, I read it the same way you describe below.

Hotshot85 wrote:
It is going to be interesting to see what happens over the next 2 weeks of trading. This addition of a shorts mimics what happened before the surprise results from the 6-2 that caught the shorts by surprise.

the question will be, will these positions get covered prior to news....... if so you will see some upward pressure. That said, if reco announces any sort of good results that are also verified by an independent source, this thing could fly. You would have positive news, and shorts scrambling to cover or being margin called as the price rises.

I'm going to be an anxious mess for the next two weeks.