Reconnaissance Energy (Africa) Ltd V.RECO

US Exposure

[Letsmake1]

This is why they brought Doug Allen onboard.

I was blown away today when I looked at the insider report and saw that he wrote a check for 700,000 units!!!
He now has many many many reasons to do a great job for all of us shareholders.

Go get em Doug
GLTA

[Turned2Gold]

That's a big commitment for the new guy.  He must like what he sees! 

[Elephants]

There is huge potential in this one. I have not seen the insider report but am not surprised that Doug would have picked up 700,000 units. Likely others did as well. The press release said over 20% was on the presidents list which is a lot of insiders and friends of insiders buying.

[Turned2Gold]

I hadn't heard that about the presidents list numbers. That's how I got in. GL

[Elephants]

From the pr Johnny trader posted: (other than from the sale of 7,125,639 units to purchasers on the president's list for aggregate gross proceeds of approximately $5-million, for which a 1.5-per-cent cash commission was paid)

[Donmac]

Iam suprised they havent farmed out any acreage to de-risk.Wont be suprised if they get one of the big boys on board b4 drilling commences.

[Turned2Gold]

I was told by someone I have trust in that they have already been approached by majors but won’t talk to them until the first few holes are drilled. If this is correct they must have faith that they will find what they’re looking for. Another sign of confidence.

[investor55x]

Yes, Craig Steinke has said this in an interview that I read, too. Management must be really really confident, so it doesn't make any sense talking to majors before some drilling results and development-plans will be out. It's better to negotiate from a position of strenght :-)