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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 grenouilleon Nov 06, 2021 10:09am
448 Views
Post# 34095545

a chain of possible events...

a chain of possible events...could this recent news (initial seismic results) trigger an upspike in the share price...?

could such an upspike make the shorts' brokers highly nervous...?

could such a case of nerves cause the brokers to require the shorts to cover (in whole or in part) their positions...?

could such covering of positions trigger a short squeeze...?

could such a squeeze bring on a secondary upspike of biblical proportions...?

i can't see the future any better than anybody else, but i think something like this just might play out.  ...and it could happen in a shockingly short time frame.

in addition to skill, i believe in luck.  just before we broke away for the final spurt yeterday, i made a modest purchase to bring my share total to a palindrome.   ...just for luck.

buckle up!!!


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