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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 pacer001on Dec 29, 2021 12:08am
329 Views
Post# 34266621

IF trading in Recaf was REALLY halted ...

IF trading in Recaf was REALLY halted ...... I think that it would be a very good sign maybe indicating that we had a confirmed gusher/s and there was not enough stock being offered for sale in that the price was skyrocketing so fast and no one wanted to sell.

This happened with DryShips years ago when a buyout was announced and it being a heavily shorted stock the shorties went bonkers trying to cover their positions as the stock skyrocketed.

Another reason why we need to hold Recaf. When we hit it big Recaf will pop like a champagne cork and it will be too late to make the BIG money!
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