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

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Post by CammerRecon Aug 02, 2021 8:51pm

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Post# 33640843

Shorties look out! Today’s big story!

Thanks jamiemcmuphuy for your story link to the big story on today's (080221) OilPrice.com website.

If I was a shortie I would be sweating bullets as the stock is holding up very well in the winds of a challenging market and positive news momentum building.

I can't lose more than I put in, but as you know, you can be on the hook for an unlimited amount as RECAF stock would soar if there was a very good news outbreak.

A few years ago a heavily shorted stock, Dryships, had some buyout interest and I could not believe how one morning it was skyrocketing minute by minute like a rocket and the shorties were in a buying panic as their loses mounted. I made some nice money but the shorties got their shorts dirty as their loses mounted.

But more recently we just have to look at GameStop and the Redit crowd. I think it is just a matter of time till they discover RECAF. Shorties, look out then ... and this is just one scenario!