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

Reconnaissance Energy (Africa) Ltd > added more this morning

<< Previous

Bullboard Posts

Next >>

Comment by NFKRS17on Aug 09, 2021 10:33am

193 Views

Post# 33671480

RE:added more this morning

Makes sense to buy this dip. They did a deal at C$9.50. You are getting it at a big discount.

Then look at the trading volumes. On the Venture exchange, we are up to 1 million shares in the first hour of trading. Average for 2021 is 936,000.

Big volumes at a low price = bottom.

Then you have our shorts which need to cover. If they don't start covering soon, they are likely to get into trouble with naked shorts...although admittedly, they have lots of profits to book.

<< Previous

Bullboard Posts

Next >>

The top 10 Canadian medical stocks