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Reconnaissance Energy Africa Ltd. (RECO.V)

TSXV - TSXV Real Time Price. Currency in CAD
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4.5000-0.0800 (-1.75%)
At close: 03:59PM EDT

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  • G
    Greg
    Reminder - ReconAfrica will be presenting at Enercom in Denver on Tuesday, 8/9/22, at 8:15 MDT - https://enercomdenver.com/companies-2022/
    2022 Presenting Companies
    enercomdenver.com
  • D
    Dave
    For this well things look much better than the 6-2 one. On the latest presentation the well will be penetrating the various reservoirs at near the top rather than the bottom as in 6-2. So, 6-2 proved there were good traps to hold the oil and gas. However, as water is at the bottom of a reservoir going through the bottom on 6-2 of nearly all zones was unfortunate, So can see why there is a desire to do an offset in 6-2 to hit the lower two reservoirs at much shallower depth to at least hit the oil, which was present.
    There is a chance of a bump in the stock price after his Tuesday presentation. However the short sellers will keep trying to push the price lower so likely price dropping till news on the current well is official. So just sit and wait.

    GOOD LUCK everyone except think the shorts may loose big time if they do not cover, but then they know their risks.
  • G
    Greg
    It looks like my post was deleted, so here it is again. I posted instructions on how to obtain the latest ReconAfrica satellite images. This post also includes the latest high-res images and links for new investors. https://www.reddit.com/r/ReconAfrica/comments/wjiuz5/how_to_obtain_reconafrica_satellite_images_post/
  • G
    Greg
    It appears that you can view the webcast for ReconAfrica at Enercom on 8/9/22 at 8:25 AM MDT (Denver). Click on the image on the right. ReconAfrica is in "Confluence C." https://enercomdenver.com/webcast/
    Webcast
    enercomdenver.com
  • F
    Frank
    Would love Recaf to put out a Sunday night PR announcing a commercial discovery.
  • C
    Charlie
    Let us all hope when news comes out they announce before or after the bell. Bad news the stock would go down anyway, good news we catch the shorts sleeping.

    Always do as you Feel
    Not what you Hear

    Happy investing to all
  • J
    John
    Nice close.
  • D
    DICK
    Good morning homers !----GO RECAF !
    GLTA
  • m
    meowchicha
    Held a going nowhere biotechfor months. Then up 15% yesterday and 30% today. Big earnings that was not expected. Management had been working hard even when the stock was dying.

    There is that day when things happen. ReconAfrica management has been working. Our day here will come.

    You bet I'll enjoy a beer this weekend!
  • R
    ROGER
    Short volume of 74.82% on Aug 2/22. Reco was the 2nd most shorted stock on the tsxv in July.
  • F
    Frank
    Waiting for positive news. Reminds me of waiting for Godot.
  • G
    Greg
    With the help of our satellite experts on Discord, I was able to put together a Reddit post that shows satellite imagery of work on future well sites. They aren't waiting for the current well to reach total depth before they start work on subsequent wells. You can find it here: https://www.reddit.com/r/ReconAfrica/comments/wejrsr/reconafrica_prepares_for_additional_oil_drilling/
  • B
    Bobcat
    Update: could be/should be this weekend before the conference opens.

    Keep Calm and Kavango On.
  • C
    Charlie
    This post is of my opinion only.
    Shorts are in the driving seat at this juncture. Once the drilling of the well first commenced they knew that it is going to take approximately 60 days before any real news. There plan is to try to get some to sell, and keep bringing the price down. Once we are close to completion of this first well then things may be very different. I say may as I have not a clue.
    For now until we are close there probably is going to be a lot of ups and downs.
    I personally hold onto my shares, as anytime while this well is being drilled, News could be released.
    Hopefully good news trapping all of the shorts

    Always do as you feel,
    Not what you hear.

    Happy Investing to all.
  • B
    Bashers
    Discord chat between Dan (yea he’s back and better than ever) and Thorjac is golden. I’m not a financial advisor but buy as much as you can.
  • H
    Hazel
    Namibia alone could provide around half a million barrels per day in new oil production, following promising exploratory wells in recent months, according to unpublished estimates by two industry consultants.
    https://www.reuters.com/business/energy/ukraine-war-rekindles-europes-demand-african-oil-gas-2022-07-22/?fbclid=IwAR2YRIS1FFcIeOcVbTaROCbSYnKGO33_fkzjYlVAMFMB6ojC_Zj87XcseZ4
  • Z
    Zaran
    Having reviewed the news releases as 6-2 was being drilled, it is appropriately timed to coincide with the PR platform tomorrow @ 45 days since when drilling initiated to the intermediate casing and cementing, I'm only surprised an update wasn't released today, and then discussing it mañana, clarifying the information during the presentation, silly me!
  • B
    Bobcat
    I love the smell of oil in the morning! Keep Calm and Kavango On.
  • B
    Bart
    Groesch below has nothing to do with recaf, just marketing another website.
  • C
    Charlie
    Anyone that would be selling at this time ( please ).
    Looks like lawsuits and complaints are not working, so they are trying to bring the price down to worry some.
    Nice try,

    Always do as you feel,
    Not what you hear.

    Happy investing to all.