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Bullboard - Stock Discussion Forum
Reconnaissance Energy (Africa) Ltd
V.RECO
Alternate Symbol(s):
RECAF
|
V.RECO.WT
|
RCNWF
Energy
Metals & Mining
Oil & Gas E&P
Industrial Metals & Minerals
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...
Botswana over the Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (km2) (6.3 million acres) of oil and/or gas exploration properties comprising Blocks 1719, 1720, 1721, 1819, 1820 and 1821 situated in the Kavango Basin of northeast Namibia (the Namibia Licensed Property) and approximately 7,592 km2 (1.88 million acres) in Botswana (the Botswana Licensed Property). The two licenses together comprise over 32,933 km2 (8 million acres).
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TSXV:RECO - Post Discussion
Reconnaissance Energy (Africa) Ltd
> just looked at market depth.
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Discussion
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(73)
•••
Yo_Dog
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Post by
Yo_Dog
on Oct 26, 2022 12:54pm
just looked at market depth.
There's a single 27,600 share bid at $3.90.
# Orders
Shares
Bid
Ask
Shares
# Orders
3
800
3.93
3.95
700
3
1
27600
3.9
3.96
4400
3
2
2400
3.89
3.97
800
3
1
600
3.88
3.98
2400
2
1
500
3.87
3.99
600
1
(58)
•••
pacer001
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Comment by
pacer001
on Oct 26, 2022 2:27pm
This big bid is no doubt related to the news that Namibia might be joining Opec with all the oil there. This might explain why Recaf has been so coy - the political ramifications of Namibia joining Opec.
Thank You
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