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 > NEW UPDATE TO ARTICLE; SHORT REPORT

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Comment by Yo_Dogon Sep 16, 2022 4:50pm

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Post# 34968089

RE:NEW UPDATE TO ARTICLE; SHORT REPORT

Looking at the short report again, since May 31, there has been 1.4M additional shares shorted. Most of these must have been shorted well below todays stock price, since on May 31 RECO closed at $5.15 and traded lower (except for a couple days) all the way to Aug 31 where it closed at $3.5.

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