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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | V.RECO.WT | RCNWF

Energy Metals & Mining Oil & Gas E&P Industrial Metals & Minerals
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

Reconnaissance Energy (Africa) Ltd
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Post by pacer001on May 02, 2023 4:15pm
143 Views
Post# 35425997

Bad, bad day for oil!

Bad, bad day for oil!

Recaf is not up; but just down penny.

Made some nice money in shorting nat gas and closed out my KOLD position. Wish I shorted oil; DUG was up 9%.

What will tomorrow bring? One would think the Fed would let up but the greeey bankers will make a lot more having the Feds bail out their illiquid banks. METALS are the only answer!

ps
On Ameritrade Recaf warrants are showing monster gains. Something is terribly wrong; don't believe those numbers!

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