- Investors across the world are asking themselves why Reconnaissance Energy Africa stock (OTCQX:RECAF;TSXV:RECO) has been steadily dropping over the past two years
- RECAF stock has lost more than 92 per cent of its value since its all-time-high of US$9.89 on July 2, 2021, for a variety of factors
- These include potential corruption in the form of government relationships, environmental claims, and unsubstantiated stock promotion
Investors across the world are asking themselves why Reconnaissance Energy Africa stock (OTCQX:RECAF;TSXV:RECO) has been steadily dropping over the past two years.
The Calgary-based oil and gas company, which works with national governments to explore oil and gas potential in Namibia and Botswana, holds petroleum licenses covering 8.5 million contiguous acres, which it estimates to contain 1.7 trillion cubic feet (TCF) of risked prospective gas resources and 436.1 million barrels of unrisked…
