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

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Post by Wynjoeon Dec 02, 2022 8:16am

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Post# 35145808

Analysts ratings???

I'm still waiting for a sell rating from the brokerage I trade from,(Morningstar @RBC). I suspect they will administer a sell when it's next door to bankrupt. At the last equity raise, $6.35 they had a value of over $11.00,I was thinking to myself how idiotic,if it was valued higher would not the equity raise have been higher?LOL.They did drop from 4 stars to three after they lost most of its value,(ALWAYS AFTER THE FACT).Never trust anyone or anything, including me,but these (so called) experts aggravate me.I remember so many stocks with a buy rating all the way to broke.MAJOR SELL,!!!BELOW A BUCK TODAY!!!TODAY TODAY!!!

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