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 > Why Recaf were will go to $5 sooner than later!

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Comment by cyrustgon Nov 14, 2022 8:31am

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Post# 35096055

RE:Why Recaf were will go to $5 sooner than later!

TERRIBLE IDEA

That would just be a present for the shorts. In my experience , those reverse splits end up being the end of the road for the companies. The shorts know the companies are in trouble and smell the blood in the water and pile on.Everyone's investment goes down,down,down (except shorts).
You either believe in the company or you don't.
We just have to hang tough until the next well is drilled in the sweet spot all the science tells us is there.
Leave the stock as priced.JMHO
Ciao

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