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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | RCNWF | V.RECO.WT

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 headtotoeinthe6on Oct 15, 2021 9:54am
260 Views
Post# 34009085

Shorts at it this morning…

Shorts at it this morning…They gotta line up their short attacks with negative environmental news attacks. Volume up high right out the gate.

Feel bad for the chart watchers that trade obsessively on half-baked "news", when the truth of the matter and what's becoming very clear is that there's a lot of oil that's been discovered. This company is in a great place and for those savvy investors who have cash on hand, they can take advantage and buy up loads of stocks in advance of the surge that's sure to come in the coming months.

patience is a virtue
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