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 > How low can we go???

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Comment by Wynjoeon Nov 15, 2022 10:01am

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Post# 35099561

RE:RE:RE:RE:RE:RE:RE:How low can we go???

Oil probably is there,but an investor must go with the flow.The last equity raise @$6.35 valued this company at approximately 1.3 BILLION dollars. If these investors that bought at $6.35 had any confidence in this company dont you think they would be buying at these levels?LOL,MAJOR SELL!!!

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From now on, dynaCERT instead of Bitcoin or NVIDIA?