RE:An interesting geoscience viewOk, this is interesting. In my 35 years in the oil industry any commercial production from Precambrian rocks was minuscule and the oil was considered to be there almost by accident - such as migrating into fractured Precambrian granites from more conventional sedimentary sources.
After a few hours of cruising research papers on the internet, it appears that "petroleum systems" have been found in Precambrian sedimentary rocks but to my knowledge no commercial production has ever come from a Precambrian petroleum system. If anyone out there knows of some, please let me know!
Now if Recon is down to hoping for production from a Precambrian petroleum system then the gig is up! I hope your geoscientist friend is wrong, but the incredible silence from Recon is very telling...they seem to haverun out of ideas to pump the stock.