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Reconnaissance Energy (Africa) Ltd RCNWF


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

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

Comment by pacer001on Aug 04, 2023 6:16pm
278 Views
Post# 35574317

RE:Insider trading

RE:Insider tradingThese are NOT real trades; they are just options to buy. But this does explain the rising stock. They are pushing the stock up so the fresh group of suckers will buy and push it up higher so that when it gets higher they can exercise their options and cash out lining their pockets with some nice quick easy bucks. Then down, down, down Recaf goes! These shenanaguons should be illegal but they are not.

That being said we now know how high Recaf will go and when to bail out if one wants to play this very dangerous game!
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