Reconnaissance Energy (Africa) Ltd V.RECO

MASSIVE HYDROCARBONS IN PLACE - shorts are done.....

[Hiddensecrets]

Based on the Oil price interview this is what I understood:


(a) Source rocks are filled with hydrocarbons

      - this means that resistivity test will show high resistance - it means lots of oil
      - lower resistance would be if source rocks held only water
      - geologists confirms that rocks are filled with oil

(b) Conventional oil system

      - source rocks are filled with oil which means that rocks are highly porous 
      - so high volume of hydrocarbons in the oil
      - conventional oil system is confirmed

(c) Massive oil us ub place due to permeability 

      - hole 6-1 and 6-2 are 16 km apart
      - drill results show similar oil shows and similar pattern structures
      - it means that source rocks are pemeable - meaning oil easily flows from one section to another
      - we have 16km of such patterns

(d)  Extremely lucky or, Whole Kavango area is filled with oil

      - I do not belive that you drill two holes and get lucky
      - especially when both holes show similar patterns of oil flow
      - what I think is that the whole Kavango basin is filled with oil
      - so no matter where you drill - there will be MASSIVE OIL.


We have visual inspection of this from the EXPERTS in the field.

The 3rd party data which is forthcoming will only serve to confirm these facts to the skeptics.

The shorts are finished.

mpo

[FastIroc]

3rd party datas? When ?

[jimgeorge]

Hiddensecrets, your ludicrous comments show how dangerous it is for experts like JG to spout half-truths and partial info.... Nowhere in the "interview" does JG ever say that any rocks are "filled with oil". The shows don't even cover all the rocks. The shows are present in intervals from a few meters to 10's of meters thick. Nowhere in the "interview" does

[TurnToTheRight]

@JimGeorge, almost everything you said I agree with, except that last part. A company doesn't have to disclose anything as long as you have gone through the correct regulatory channels. Companies regularly licence wells as "tight" to allow them the right to keep the information confidential, and after a certain time period (1 year in Alberta) the information is released to the public

[jimgeorge]

Licensing a well as "tight" has nothing to do with stock exchanges, it pertains to the mandatory release of technical data from any well drilled in Alberta (or other provinces, they have different time frames for data release). here are some excerpts from the TSX Policy Statement on Timely Disclosure: Material Information DEFINITION Material information is any information relating

[TurnToTheRight]

That's an excellent point, and I completely agree that the tight licence pertains to the technical data (logs, cores, tour sheets). Do you think that there is a possibility that RECO could make a successful argument that disclosing the information ahead of JV discussions would be prejudicial and therefore warrant a confidentiality exception?  Also, how does the venture exchange deal

[jimgeorge]

Good point on the JV discussion - that could be a successful argument if they are currently in a JV negotiation with one or more parties. the TSX-V exchange is owned by the TSX, they have essentially the same disclosure rules. Any reference to "reserves" made by the company in a public release must be vetted by an approved third party engineering firm using the COGE (canadian oil and