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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

Comment by Yo_Dogon Jul 05, 2021 10:59am
268 Views
Post# 33492610

RE:shorts.....

RE:shorts.....I'm sure they did some dd. Most financial instutions do not have time or the very technical skills inhouse to assess all the companies they take a run at. You need some very technical to understand what Recon has been releasing in their dataset. 

The model these generalist short funds have is to short any thing that runs too far too fast. Most times they get it right. The one day a small company comes along and will make you pay with a discovery of the ages. 

It will be interesting to see how they attack the stock to cover their shorts. I am watching to see how they manage ... if they do. 
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