Reconnaissance Energy (Africa) Ltd V.RECO

Twelve cent shares...

[Wynjoe]

Do your dd on this company and you will see the enormous number of shares issued for pennies, (not that long ago).We are on our third well and to put it simply, (check the s/p chart since equity raise)down down down!!!! The original penny stock owners have been selling while pie in the sky dreamers are buying. Class action lawsuits, spending to appease the Namibia goverment (water wells)etc...Major sell....

[pacer001]

What? Spending on the water wells to "appease the Namibian government". I think NOT! The water wells are an investment in the building good will in a populace long exploited and dominated by foreign powers and very sensitive to outsiders. It is just good business relationship building and human relations that will benefit the populace in a very tangible manner and will pay off in the

[Angus66]

Couldnt agree more. They will not soon forget the fresh water they have now. Try living without fresh water for one day even.

[Wynjoe]

Wishy washy, we need oil not water,then the Namibians could prosper.If reco found anything worthwhile they must disclose,they are already up on charges for pumping.They have nothing,no oil,just worthless leases on land that will be too expensive/impossible to put pipelines on if they did strike oil.Complete waste of time !!!!SELL,SELL SELL.