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 > Should have sold

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Comment by headtotoeinthe6on Oct 14, 2021 4:42pm

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Post# 34006900

RE:Should have sold

Only frustrating if your buying the stock through a tax free trading account, and have a crystal ball to show near term price action.

I started buying in February and understood any serious leveling up in stock price wouldn't happen until Spring/Summer 2022. Happy to wait it out and not minding the volatility, as major news will follow to set this company up as a (near) major player in the O&G industry.

Patience will pay as this will go up by multiples while the companies your watching enviously now - even the best performers - will only grow a small fraction of what RECO will do over the next year.

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