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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Reconnaissance Energy (Africa) Ltd > No News is Bad News

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Comment by pacer001on Aug 08, 2022 4:08pm

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Post# 34879791

RE:RE:RE:RE:RE:RE:No News is Bad News

Note the timing of our presentation: just when the markets open.

In media relations the practice is to drop good news early in the day before markets and to assure it gets picked up by as many media as early as possible. Bad news is usually released later in the day after markets and deadlines. So I am taking a gamble by buying more Recaf today but I feel good about it!

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Advancing flagship Ishkõday Gold Project in Ontario