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 > Instead of speeding up they are slowing down!

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Post by pacer001 on Dec 22, 2022 12:27pm

Instead of speeding up they are slowing down!

Another key point from the recent pr release:

"the Company will delay the target commencement date for drilling of this well until late February 2023."

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Comment by Yo_Dog on Dec 22, 2022 2:05pm

Yeah. I suspected a delay until mid Jan. This is worse that anticipated. Lots of time to take a trading position in this, unless they pull a rabbit out of the hat wrt to a partner. How bag investors 1. PR a conference call the day before it happens. Do not tell of specifics of the call. Let speculation run wild. 2. on the call talk nothing of a delayed drill program. Just talk about ...more

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Comment by pacer001 on Dec 22, 2022 2:09pm

Yodog agree! As the drill spins so will the pr spin!

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Comment by crude on Dec 22, 2022 3:14pm

with what the economy has to hand out in the next two months -- cash -- is the place for me -- Merry Christmas to all !!!

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Comment by pacer001 on Dec 22, 2022 5:03pm

Agreed crude! EVERYTHING, nat gas, metals, oil all seem to be dropping. And crazy as it seems with inflation raging: cash is king as long as the Fed screws with the economy and jacks interest rates so high. Merry Christmas!

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Reconnaissance Energy (Africa) Ltd