Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): RECAF | V.RECO.WT

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 > The part I like

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Comment by Oildogon Jul 14, 2021 9:54am

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Post# 33541757

RE:The part I like

Moneycat wrote: is Options at yesterdays close price. $11.39. Personally I think that is relevant as to me it means they know they have something. Why would someone get excited about an 11.39 option if you thought the price was going to go down ?? Always look into the actual release and think like the executives and what they are thinking !!!!

Yes and it also means someone wants to buy 9 million $ worth of stock at 11.39 I wonder who the new guy is and what does he bring to the table.

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