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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 Matteo1234on Jul 09, 2021 2:12am
406 Views
Post# 33519962

RE:RE:RE:The latest great article on us at oilprice.com

RE:RE:RE:The latest great article on us at oilprice.com

In the meantime, there looks to be a war looming over RECO, with one report saying short-sellers having amassed huge positions that they must now cover, prompting a barrage of misinformation and fake news campaigns targeting the company. (Here is a must read report on short and distort campaigns on Seeking Alpha and the lengths short sellers will go to.)

Time is running out, and fact-checking has never been more important for investors.

Investors need to understand the exploration processes, the pitfalls that face a junior explorer in a huge basin, and the environmental, social, and governance issues that we believe represent the only way forward right now - because no one wants another situation like Nigeria.

Just as important, investors need to understand how short sellers operate these days so they can navigate the sea of misinformation.

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