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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).


TSXV:RECO - Post by User

Post by pacer001on Dec 21, 2023 3:35pm
305 Views
Post# 35796377

Recafers up coming TRICK?

Recafers up coming TRICK?With the year end soon, look for Recafers to pull this last ditch effort to keep Recaf from being delisted as most exchanges require stocks to be valued at like $5 or some such number among other requirements at certain points.

So they will redenominate Recaf in a reverse stock split say 10 for 1. So if you have 10 shares @ .60 per you will now have one at $6. Nothng really changed except it fools unsuspecting and naive investors into thinking their stock has soared.

As the saying goes "one can put a lot of lipstick on a pig but it is still a pig." And Recaf is one big porker!


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