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 > Now How Do You Justify a Drop of 60+cents on a 50,000 volume

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Comment by CammerRecon Sep 16, 2021 9:53pm

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Post# 33875722

RE:RE:Now How Do You Justify a Drop of 60+cents on a 50,000 volume

Thanks, another juicy morsel.

But a few of 22.7 % to borrow these? One would have to think there would have to be a big drop to justify this fee and cost.

I wonder if the fee would go up and down as the stock prospects would be.

In other words a higher fee would indicate higher demand and thus a greater prospect of RECAF going down?

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