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Bullboard - Stock Discussion Forum 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... see more

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > re: RECAF===VERT IMPORTANT DAY COMING
View:
Post by kanemochi777 on Feb 04, 2021 10:28pm

re: RECAF===VERT IMPORTANT DAY COMING

 


With weighted average daily sale price above C$3 thru Feb 9th, recaf can call forexercising outstanding warrants from PP, generating C$33 mill, by Feb 25th, first well should be complete and rig mobilized for 2nd exploratory well. The elimination of warrants should substantially reduce shorting. 
Comment by amkestrel1961 on Feb 05, 2021 2:08am
Saw nearly identical post by harlanshawk on reddit  with 21 ups (i am harlshawk on reddit). It was dated 3 days ago.  please note origin of your post so you are not plagarizing.  
Comment by caliche on Feb 05, 2021 3:10am
we all know oil is made form dead dinosaurs lol firstly this is a permian rift basin.. meaning under water.. so unless the herds of elephants and tigers swam out into the ocean its not them that make oil also i dont think you would recognize animals from the permian..it was a few orbits of the earth ago.. got a bunch of reco and adding almost every day.. keep up the entertainment.. cheers ...more  
Comment by SculptorP on Feb 05, 2021 10:14am
They can give notice to exercise warrants "within 30 calendar days".  So March 8 would be deadline 
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