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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

Comment by Bpultraon Jan 20, 2022 2:53pm
278 Views
Post# 34338746

RE:RE:RE:RE:NEWS

RE:RE:RE:RE:NEWS
C1v1k6 wrote:
bpultra why will the market not like this nr? Just not enough information brought out?

==============
if you look at the total ownerhsip of this stock most is currenlty held by retail... and they were expecting a better NR... there is nothing wrong with the NR ... just alot of people do not want to wait... plus helps the shorts a simple NR like this you can see some of the dumbs dumbs on here already talking about nothing... so you saw the SP go to 6.01 and it has recovered pretty nice right now .. much better than I thought to be honest .. a real battle right now with some shorts who pulled more out this AM and now are trying to cover ,, then we had a group pull a bunch out when over $7 so they are well in the money covering right now... this is just short term noise .. long it still an interesting story 
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