Reconnaissance Energy (Africa) Ltd V.RECO

What would 10 billion recoverable barrels mean for

[Galaxym31]

share price ?

[teheran10]

$150-$250 that is the price for just shy of 10 bln.  LOL. wow the shorts are screaming NOW, OMG the sky if falling and we are in serious trouble.  We are about to become a GIANT. hang on  InshaAllah 

[TurnToTheRight]

I don't think anyone who has opinions contrary to your's is necessarily a shorter. What benchmark are you using to determine that 10 billion of proved reserves equates to $150-$250 per share. Also, when you say Giant, do you think RECO will rival Exxon, ConocoPhillips, Suncor, CNRL, Continental Resources. These are all very different companies and for a few exceptions, generally compare

[teheran10]

I am talking about 10bln of actual producted.

[teheran10]

Anyways, you guys do whatever you want, short, bash, pump, disagree. I have done my DD and I am sticking to it. Still extremely cheap SP. Wait until the next results and Sept. 

[TurnToTheRight]

Yes, that is what reserves are. In order to book reserves they must be commercially producible barrels of oil at the time of booking reserves, otherwise they fall under the category of OOIP. The SEC and provincial securities commissions have different rules regarding booking reserves, which is why bbl's of reserves as stated by companies fluctuate. So please, answer the question, what is an

[TurnToTheRight]

@Teharan: so seeing as you have already read the board and not replied to my initial question as to how big you think RECO can get based on analogous corporate entities, as well as the fact that you have no clue what reserves are (as evidenced of your last post about 10 B bbl of reserves) it's clear that you are a blithering m0ron who is incapable of comprehending what RECO is actually telling

[teheran10]

Dude, I am an investor, large investor with businesses in several countries, I know how to make money and I know when I see something that I like I follow it with my research and instincts. So far I have been very very right with majority of my investments - especially real estate and stock market, Thank You God. Your technical things which were half WRONG so far, would not work for me, whatever

[TurnToTheRight]

Can you quote what I said that was wrong, or where my logic was incorrect. You say you do due diligence, but your statements indicate that you are capable of reading words, but not really understanding what they mean or their application (you critical thinking skills are definitely not showcased by your posts). And an argument of authority (look it up Einstein) isn't a very compelling one. I

[g0mar7]

T2TR - He is in line with Frank and that C9 idiot who was posting here before, anything written has zero backing by any research or reasonable thought process. I honestly wonder what careers these people have had to get them to this point as with the levels of intelligence they show they would not last a month at any of the companies I have worked for. The scary thing is if some how and I

[derpa]

Yeah @g0mar7, how about making yourself lucky by buying some shares. Bite the bullet - you won't regret it.

[g0mar7]

I've got 12,000 shares bought between January and now. Would love more, but would rather not hold this in my RRSP. Like I said I am hoping it hits the $150 mark. But to sit here and guess what the share price will be, should be ect... without having any idea of proven reserves or any other tests is just dumb and a wild guess. So just say that, dont pretend its anything other then that. Either

[peterj99]

You joined December 19, 2020 You posted 6 pages, so far, all on RECO and some posts were quite long On Friday December 18, 2020, the price was $1.91 Today it closed at $9.42 Do you have a "day" job, or is this part it LOL? Please corect this post, if you know different

[TurnToTheRight]

My day job is a drilling engineer, and I generally don't invest in penny stocks, but RECO is the exception because of the potential. I didn't think 6 pages in 6 months is excessive, and the posts don't take that long. Why do you ask the question? And while we're at it, what's your day job seeing as you had to laugh at the one random poster who indicated it would likely take

[peterj99]

Did you notice this part? On Friday December 18, 2020, the price was $1.91 Today it closed at $9.42 The day you joined, you said “ I am by no means a basher, I own a few shares “ Good for you ! I guess you bought at or below $1.91 Well I bought before you. I bought a few thousand shares and I paid 80 cents That was a hefty price for me as I usually buy shares 10 cents or less

[Strod]

You are and always have been, a brain dead liar. Right off the bat when you claimed this would do to $100 and would make you a billionaire. As usual, like everything you talk about, made no mathematical sense and showed you up for the first class cnut you are right there. You are not a big investor, you do not own lots of businesses coz people like that do not behave like you. I think you are the