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 > Pump and dump

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Comment by Yo_Dogon Dec 08, 2022 8:19pm

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Post# 35160700

RE:RE:Pump and dump

Pacer
They set the CC up quite nicely. Press release it the day before and have it occur a few hours into the trading day. When there was no press release before the market today ... it told of just an update. I didn't listen to the call, but will do so later as I appreciate the attempt to communicate.

That said, what Reco didn't do was to state the CC would be an update on the project. That would have taken away from the speculation that drove the stock. A good and transparent company, IMO, would have done that.

BTW, did they mention if they are still on schedule to spud on Dec 15ish?

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