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

Reconnaissance Energy (Africa) Ltd > Positive effect of dilution

<< Previous

Bullboard Posts

Next >>

Comment by WHVWHVon Feb 08, 2022 5:07pm

268 Views

Post# 34410372

RE:Positive effect of dilution

It doesn't make some folks who bought over a half million bucks worth of shares at $9.50 and then got locked out of this financing very happy. I wonder who the folks eligible to buy these shares were friends of. But you also have to believe that a positive press release will soon be delivered.

<< Previous

Bullboard Posts

Next >>

Visionstate set to leverage success in the U.S. market