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Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd 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... see more

TSXV:RECO - Post Discussion

View:
Post by C6J6Dub6U on Dec 25, 2020 12:28pm

Fall and recovery

Can we just fall 50-80 cents and recover 1.80 or so already. We need to trigger some action, and quick. Before RECO runs out of cash, we need the share price above 3.00 to kick in those options etc. The only way is to drop and pickup momentum again, without any news releases etc.
Comment by Alim33 on Dec 25, 2020 1:41pm
Not to worry. Drilling is starting soon (early January).  SP will be over $3 by then.
Comment by C6J6Dub6U on Dec 25, 2020 2:28pm
drilling already started
Comment by Alim33 on Dec 25, 2020 2:51pm
This is not true.  Only utilizing a smaller local rig, the initial leg of the well-bore has been drilled, with the first casing string set and cemented. The real drilling: "Drilling of the 6-2 well is scheduled to take place the first part of January, 2021."
Comment by NameOfTheGame on Dec 25, 2020 8:01pm
Umm....completing the surface casing is the first phase of a drilling program. How are you assuming that's not considered drilling?
Comment by NameOfTheGame on Jan 12, 2021 11:19am
....the drilling programs are fully funded. Do your due diligence.
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