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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 grenouilleon Jul 29, 2021 9:03pm
286 Views
Post# 33630248

RE:Announcement? Weekend worries.

RE:Announcement? Weekend worries.what's to keep NAMCOR (the namibian state oil company that holds 10% of the rights) from making the announcement whenever they please?  as partners, they are privy to all the information the company has,

if the lab results were released early monday morning windhoek time, it would hit the north american news media about midnight  sunday evening, and be on the streets first thing monday.  

canadian markets are closed monday, but u. s. will be open.

if the results are good (and i believe they will be), there may be a massive rally in u. s. markets.  the rumored large naked short position in canada would be very uncomfortable at this time since their markets are closed, and the shorts would be unable to do much beyond wailing, moaning, and profuse sweating.

oh, happy day !!!
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