Post by
Hiddensecrets on Nov 19, 2020 11:30pm
Rig is on the way to Nambia: Arrival December 10, 2020
For those who are new to this stock, the rig left Houston and is on the way to Nambia.
It arrives on December 10, 2020.
Drilling will be end of December 2020 and results will be end of January 2021.
Purpose of drilling: Is to be confirm rock formation in the basin
Why?
Because it is the source rock that releases the oil, if you have the right rock in the basin then you have an ocean of oil with it.
How much oil?
Conservative Estimate on only 12% of their land is: 120 billion barrels of oil
When you account the other 88% of the land the number become so big that people will refuse to believe it.
What price can we expect: $ 70 to $ 125 per share
After hole 1, then 2 other holes are drilled in Q1-2021.
In Q2-2021, the company sits down with MAJOR PLAYERS and will work out deals as land is so huge.
The oil in place in Nambia will dwarf the oil that is in Saudi Arabia, we will be the BIGGEST.
MPO
Comment by
Alim33 on Nov 20, 2020 8:37am
Thanks for the updates. I will definitely add more today. Already bought 30,000 yesterday.
Comment by
LandCruiser1983 on Nov 20, 2020 3:27pm
Love that scenario but it is a bit optimistic. I am heavily in ,old LUND bagholder,so I am all for it. Go RECO
Comment by
crude on Nov 20, 2020 3:52pm
Charting on this is excellent if you look at the five day and the 3 month - looks lke microsoft - perfect ! got in in sept ,got my cash out ,now holding to $10 plus !!!!!!! best o' luck
Comment by
C6J6Dub6U on Nov 20, 2020 4:06pm
I am long. I'll hold out for the sp to hit between 60 and 100. Then I'm retiring. I can imagine now being retired at 41 or 42.. Yes please!
Comment by
teheran10 on Nov 21, 2020 3:14am
same here but I'm ringing it until it hits $100-$150. I believe there will be a bunch of spin offs for RECO and us shareholders will be getting some shares in each company. My family is well to do but I'll take every single penny, which I can earn from here. Go RECO Go