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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 Wynjoeon Aug 30, 2022 11:20am
120 Views
Post# 34929631

RE:RE:RE:Impatient Sell Off - Rookie Mistake

RE:RE:RE:Impatient Sell Off - Rookie MistakeI agree,Reco is a MAJOR BUY. Nothing has changed for this lucrative oil play except it's cheaper to buy in. This basin (where they are drilling not 1 but FOUR wells has an extremely high potential of striking a major oil field,do the research. The first well should be nearly drilled but testing will require time. S/p will skyrocket immediately upon positive results and I suspect above ten dollars to be the cheapest entry. I hope there is a trading halt with Gigantic positive indicators,and put the shorts with catastrophic losses. Many don't see the positive environmental news with reco,s extension either,this is news that has not been accepted by the market as well as it should have been. MAJOR BUY AND HOLD, THERE IS DEFINITELY GOING TO BE A HUGE OIL DISCOVERY IN THIS BASIN!!!!
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