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).

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Post by Oregonduckon May 16, 2022 2:29am

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Outstanding shares have recently gone from185 million to 199 million, an increase of some 14 million new shares by insiders exercising options and warrants and/or Escrow release.

Call your brokers Haywood and Canaccord and hold hands and pray. Haywood has a target price of $16 on the stock.

What happened to all those experts such as Oilprice, DrGranath, Jarvie and the three IR consultants hired ?? Not a peep about the latest Resource Report?? Don't drink the Kool-aid.

Fight, Fight, Fight
Rah, Rah, Rah
Give Me a R
Give Me a E
Give Me a C
Give Me a O