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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 > I guess all warrants exercised by now...We should climb back
View:
Post by teheran10 on Mar 10, 2021 11:11am

I guess all warrants exercised by now...We should climb back

Let us reach that $5 again this month.
Comment by Chas15 on Mar 10, 2021 11:18am
Doubtful. The long term target for this is $5 this year, if all goes well then $5 by October. 
Comment by Ca01an on Mar 10, 2021 1:15pm
Presuming they actually do find out that they're sitting on billions of barrels of oil, $5 seems like a very pessimistic target, especially considering it already has reached $5 this year with no confirmation of a petroleum system 
Comment by Ca01an on Mar 10, 2021 1:18pm
I don't think there's much point speculating on potential prices at all at this point as there are too many unknowns, will really depend on the results of this drilling program, hopefully we'll know a lot more by the end of the summer
Comment by Bpultra on Mar 10, 2021 12:51pm
========== ahhhhhh as of  friday there was still half to go ... so I think you are a bit off on your guesssing 
Comment by hipfner on Mar 10, 2021 1:55pm
The warrant acceleration ends in the afternoon of March 18. There is a two day settlement in Canada, so people should have contacted their broker by Monday noon. After March 18 there are about 11m outstanding warrants with no acceleration clause.