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 > Do you want more shares

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Comment by Moneycaton Jul 07, 2021 11:57am

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Post# 33505530

RE:RE:Do you want more shares

Sure thing

Using current prices of selling at 11.75 for Reco and buying Roe at .52. I am using current Bids and asks so the transaction will happen quick. 1000 shares of RECO sold would get you 11,750 dollars......that will buy you 22,596 roe shares. At a conversion of .046 shares you will end up with 1039 Reco shares after the deal is finalized ( which they should conform tomorrow at the special meeting) Yes the deal is not final yet but I believe it is a formality.

I guess if you think the deal is going to happen is the risk premium in current Share prices. I believe it will be completed ....but that is just my opinion