Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 > What they drill...who cares...
View:
Post by Wynjoe on Aug 31, 2022 6:27pm

What they drill...who cares...

Whether its side drilling ,geological formation sampling, strat testing etc...we do not have answers,we have no commercially viable oil. What we do have is our last equity raise which was at $6.35 and now were trading less then $3.50. Keep your eyes closed if you want but I see class action lawsuits, pumping and dumping schemes and a share price that was valued at less then twenty pennies 3 years ago,and we do not have accumulated many assets since. With trying to appease the environmentalists and keeping the Namibia people happy with water wells and covid vaccines this is becoming a very expensive venture. Soon management must ask for more capital and I do not see many lining up,hence share price drop. Do not be fooled there's plenty of time to get in at discount prices.MAJOR SELL,today the shorts were simply regrouping.
Comment by ZaPhiCa on Aug 31, 2022 8:06pm
What are your comments about this last NR?
Comment by SirRichard1987 on Aug 31, 2022 8:44pm
Time to cover amigo. Else wynjoe will become loserjoe...brokejoe...adiosjoe...
Comment by Timberdoodle on Sep 01, 2022 8:35pm
You nailed it so it seems ! What you don't learn by wisdom you often learn in misfortune !
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities