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 > BCSC and IIROC

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Post by Oregonduckon Nov 04, 2022 12:07pm

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Post# 35073417

BCSC and IIROC

A bunch of overpaid civil servants that pump-and-dump promoters called them out to fu*k off and laughed at their face. Like fox guarding the hen house. They are no watchdog for the investing public. I have yet run across a trading halt by IIROC in recent times before material news release by an issuer.

At least in the old days, the Superintendent of Securities and brokers in BC found the late Murray Pezim guilty of not disclosing excellent material drilling results at Eskay Creek before awarding themselves huge options with the case grounded in law by the Supreme Court on appeal. On the flip side, bad results must also be promptly released before any dumping by insiders leaving shareholders in the dark sucking fumes.

https://www.vancouverisawesome.com/bc-news/no-payoff-from-600000-plus-bc-securities-commission-bonuses-3757341