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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 NFKRS17on Aug 17, 2021 1:34pm
215 Views
Post# 33717636

RE:RE:I will take some at 5.63

RE:RE:I will take some at 5.63

Same here.

The Viceroy geology write up is garbage.  None of the arm chair geologist claims I have read anywhere are of any use, and are clearly meant to induce FUD on the guise of "expertise".  

I continue to think that this sell off is coz former ROE shareholders are selling down some of their holdings.  The sell off started on August 3, just after ROE shares were swapped into RECO. 

They got 20 million shares.  If they want to reduce it by say, 5 million shares, that equals 25 million shares worth of trading (at a 20% rate of participation).  This month we have traded 21 million shares so far, including today. 


But once they are done, the share price should bounce back hard.

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