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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 jwa444on Jul 20, 2022 12:36pm
162 Views
Post# 34837468

RE:Pressure to downside....

RE:Pressure to downside....You and a few of your friends (see "Duck") are like yappy little lap dogs that won't shut up.  It diminishes the usefulness of this board.  While there's still some risk to this stock, it's been mostly de-risked by good science since its market cap was about $2B.  In the meantime the stock has been pushed down to a MC of US$716M, primarily due to shorters like you peddling lies, false conjecture and other misinformation.  So now it's an asymetric trade....one third the price, and a lot less risky.  I have a huge portion of my net worth riding on this company and my expectations are all positive for results about 30 days from now.  Anyone who gets scared out of a long position is making a mistake.
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