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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 Ebenizer3on Nov 10, 2022 10:53am
212 Views
Post# 35088416

RE:Weak hands sold????

RE:Weak hands sold????Lol, make up ur mind dude. The shorts are now loaded up at a lower price point and will keep playing the game. On top of that with this painful wait to spud in Dec which might happen but more than likely will end up stopping because of the holidays. They will have to spud and drill the surface hole and case it before the holidays and then take a 3 week holiday. It's like trying to waterski behind a Jon boat with a 9 hp kicker. If the SP gets below 0.75 us I will at least look at adding, besides tax loss sale at end of the year with people just fed up might bring opportunity .
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