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

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TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > Warrants

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Post by cyrustg on Feb 09, 2021 9:42am

Warrants

Will the company put out a news release when they call the warrants ? I believe the 20 business days above $3.00 has been reached . Then 30 days to be exercised or they expire.That would be about when the second well and the 2D is done

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Comment by amkestrel1961 on Feb 09, 2021 10:57am

imo, 15 days to mobilize/move to 2nd site from feb 25th, plus 45 days to drill hole 2, say a April 25th completion on drill site S-3 (2nd exploratory well).

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Comment by righand on Feb 09, 2021 11:19am

“The Warrants will be subject to acceleration of the expiry date to a date 30 calendar days following notice to be provided to the holders of the Warrants by the Company” The company has to issue a press release to accelerate the warrants. We should get an operational update as well. $34 million extra cash for operations and operational update. That should make it big green tomorrow. Looks like ...more

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Reconnaissance Energy (Africa) Ltd