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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 doggiestyleon Oct 14, 2021 3:57pm
328 Views
Post# 34006699

Should have sold

Should have soldIt was definitely a mistake to sit on this for the past two months as its been frustrating watching other oil stocks go up 3% and 4% each day while this thing has been dead money. Should have sold after the 6.1 release in late July as its been a waste of money to be sitting in this stock. 

Now, I feel like it is too late to sell as Seismic is completed and we are likely only a few weeks away from annoucing the next drill target. Its gonna be a long couple weeks though if I have to watch all these other stocks ripping higher while this thing sits here.  
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