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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 RiptonHyltonon Mar 28, 2022 5:46pm
195 Views
Post# 34553601

RE:Just can’t get over why Recaf is not moving up

RE:Just can’t get over why Recaf is not moving up

Everyone stop with this! This is a real company not a promotion machine meme stock designed to sell others the insiders stock. It is holding the line (around $6CAD)very well and management's job is not to release news so we can all feel relieved of our anxiety. When the time comes they will hire people to legally promote the stock if there is good news. There is nothing intrinsically wrong with promotion of good news. What you have to watch out for is companies that release extremely forward looking type statements and whose stocks drop without a continuous stream of news releases and promo. 

 
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