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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 Nov 13, 2022 12:25pm
213 Views
Post# 35094901

RE:RE:Who will buy my cheaply gotten shares????

RE:RE:Who will buy my cheaply gotten shares????I agree,but I know how silly buyers can be when a stock drops over 50 percent in one day.They start buying back thinking "this can't be ",so I bought hoping for a quick temporary bounce back,but alas,"not to be".I made a few shillings but ultimately I side with "Oregon Duck",and see BANKRUPTCY!!! I sold quickly,and I cannot see how reco can stay afloat. Class actions and environmental concerns toppled with running out of cash are just some concerns.If they continue they will need to raise more cash,causing EXTREME DILUTION..there is no reason to invest here,if anything wait until at least February 2023 when shares will be selling for less then 10 pennies.MAJOR SELL SELL SELL!!!! The odds of striking oil in this next drilling is astronomically against .
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