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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

Post by judomaccaon Aug 05, 2021 7:40pm
231 Views
Post# 33661517

Short Trap?

Short Trap?I am not selling yet until I get the full story. There are a lot of questions to be answered and I intend finding out tomorrow. RECO has had the shorters on their tail for some time now and this would be an opportune time to fix them with a nice little trap. We must also realize that this is a massive basin that has hardly even been touched yet. I intend finding out for sure just how deep it is. RECO executives have said it is up to 30,000 feet and if they are lying it leaves them in a massive legal position and I have trouble believing people as smart as them would expose themselves to this. Lets see what if anything RECO comes out with in the next couple of days
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