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 > In my opinion today’s news was a primer for news next week!!

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Post by Oldschool2022on Sep 08, 2022 8:23pm

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Post# 34950969

In my opinion today’s news was a primer for news next week!!

Tomorrow I’m expecting us to trade in the $4.80 to $5.20 range and we hopefully will close the day over $5. Then next week would be perfect timing to announce if we have a gusher or not. Shorts will start to cover and give us lots of momentum next week. Imagine a JV partner with deep pockets and a huge oil discovery announced soon. We would be trading much higher then $4.80 per share. Just my thoughts. Cheers!

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