by Uneeb Khan

Reconnaissance Energy Africa Ltd is pleased to announce the discussion with British Columbia Securities Commission regarding the recent social media posts that the company may be under investigation by the BCSC. The BCSC has confirmed that the company is not under investigation.

About Recon Africa Ltd:

Recon Africa is a Canadian-based oil and gas company. The company is highly engaged in opening the newly discovered deep Kavango Sedimentary Basin in the Kalahari desert. It is the desert of northern-east Namibia and Northwest Botswana.

The company also holds a petroleum license comprising approximately worth 8.5 million contiguous acres. It found its basis in 1978 with the head office in Vancouver, Canada. Vy offers the common stock under the name of RECAF Stock. A technical team carries out all the operations of this company.

All the members are specialized in different fields, and they are busy in the exploration of oil and gas. They all include geophysicists, geoscience advisors, geologists, and advisory committee members. All of them fulfill the specific operations and represent the academic reports.

In all aspects of its operations, Recon Africa is highly committed to minimal the distributed habitat all over the areas. In line with the best international standards and the implementation of the environment with the best social practices, the company completes all of its projects.

The TSXV is not the regulation service provider, but it defines all the policies and accepts responsibility for the adequacy or accuracy of its release. All the detailed information regarding the RECAF Stock is available under the company’s profile.

More about forwarding Looking Statment:

The actual future results are typically applied in drawing multiple conclusions or making forecasts or multiple projections set out in the forward-looking information. All the assumptions and factors are based on the current information that is currently available to Recon Africa.

The forward-looking statement’s release is genuinely based on the information here. The company undertakes no obligations to update or revise any forward-looking information to identify forward-looking information regarding the RECAF Stock based on ReconAfrica’s current belief or assumptions regarding the outcome and timing of such future events.

About RECAF Stock:

Recon Africa presents the common stock under the name of RECAF Stock. The current price of RECAF Stock is 4.00 US dollars on July 7, 2022. In the previous five days, the price was maximum with a rate of 4.50 US dollars on June 29, 2022. It decreased to 3.86 US dollars on June 30, 2022.

Besides this, the stock holds the maximum price of 9.89 dollars on July 2, 2021, in the last five years. Also, the minimum price of this stock was 0.19 US Dollars on October 16, 2019.

Moreover, the financial statements analysis of RECAF Stock indicates that the company started generating revenues in 2022. From the year 2018 to 21, there were no revenues. Though, it will create revenues of 2.66 Million Us Dollars in the year 2022.

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