Reconnaissance Energy (Africa) Ltd V.RECO

No big dif

[Letsmake1]

Let's face it when the black gold starts spewing out of the ground this stock will fly like no other whether we have 10 mil more or 10 mil less shares.
1billion barrelsl x $10/barrel = $10bil = how much pershare with 100mil shares??
With a patch this size if it spouts you'd have to think there would be more than 1billion barrels
From what I read Bill Cathey seems to think so and h's apparantley seen a patch or 3

[Vegasss]

Nice finish, when is the rig setting off ?

[teheran10]

altogether there could be up to 30billion barresl x $3 (conservative estimate) so for the sake of argument, let us calculate 10 billion barrels x $3/100 mln shares x 5 factor staggering SP Sorry for spelling, english fifth language InshaAllah 

[Commoncents]

What are your guesses out there for this stock price if RECO hits significant oil once they start drilling.... Currently researching RECO and seems like the risk / reward may be worth a play. Best of luck to those of you already in. 

[teheran10]

if we hit a few billion barrels, I would expect SP to hit $50-$100 depending on cost of extraction of course. But oil is always very risky however looking at the people who are involved in this project, I am extremely confident. 

[Commoncents]

Thank you. Very high upside if one is comfortable with risk. Does anyone know when the big rig might arrive in the country? 

[Letsmake1]

$50-$100 s/p is a very very cnservative projection. Rig leaves 2nd week of September and is scheduled to be set up in Namibia 1st-2nd week of October. Here is an excellent article: https://www.outsiderclub.com/the-highest-impact-oil-and-gas-play-in-the-world-/96553

[teheran10]

I know that I have put the most conservative numbers out there but this is the way I project my profits from all my stocks.  With all the madness of finding perhaps ONE OF THE LAST world class oil deposits, this stock might climb to hundreds of dollars. We all know it here. I am very excited to be waiting for the upcoming news about he rigs being set and drilling.  Anyone selling now and

[Elephants]

Not sure there is lots of selling. I called last week and the offering was over subscribed and they closed the book. With the money now raised we'll know by Christmas if this is the real deal. My guess is $5 by November and either $0 or $100 by Christmas.

[Ebenizer3]

I think some of you guys are so far ahead of the cart you can't see the cart anymore, lol. How bout we the rig and all it's components there and get a well studded. Don't you think they will play the results close to the vest. My guess is they will drill and core along with a mug logger, all 3 wells before they start giving results. Probably looking more like end of Jan 21. And let'

[Letsmake1]

Hey Ebenizer you must a lot of fun at a party

[Ebenizer3]

sorry, just tried of companies talking bout drilling and never getting it done for one thing or the other. I will keep it to myself from here on out. Just don't put ur eye out opening up the champagne or blow your hand off shooting off the fireworks. Good luck to all

[teheran10]

.../so they will take $20mln and spend it on hookers and blow? Sure.  potential is unbelievable here and I'm staying for the party although I don't drink ..... but can touch 

[Letsmake1]

That made me laugh! Where are you located?

[Donmac]

hi guys i live in scotland and have joined the party here so best of luck. Want to give you all the heads up on a small uk stock. Westmount energy drilling fully paid by exxon on monster basin guyana check it out ticker WTE. on london stock market. 2 private canuck companies also involved.

[Elephants]

Understandable. The most common reason is they don't have the money to drill. This stock was like that 2 weeks ago but after rasing $26 million that risk is gone. This will be drilled.