Reconnaissance Energy (Africa) Ltd RECAF

Primary Symbol: V.RECO Alternate Symbol(s): 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 > New Press Release - RECONAFRICA ANNOUNCES STOCK OPTION GRANT

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Comment by pacer001on Aug 09, 2024 6:07pm

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Post# 36172241

RE:New Press Release - RECONAFRICA ANNOUNCES STOCK OPTION GRANT

In the world of pr you always dump bad news on a Friday pm when folks are hitting the bars after a hard week. Recaf is an expert on this. So we should not be surprised that Recaf dropped so much today as Recafers anticipates this.

I have lost count as to how much dilution is or will occur due to these massive options. I wish they spent as much time on drilling as they do on concocting these schemes for insiders to line their pockets at the expense of us stockhollders!

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