Reconnaissance Energy (Africa) Ltd V.RECO

stop the science program

[peterj99]

there may be plenty of conventional oil between 6-1 and 6-2
drill and dril now!
or call in the yanks and let them drill

you have nothing to lose by trying

[CammerRec]

I am interested inclined to agree with Peter I - drill baby drill - the more drills the better! But on the other hand a more studied and methodical approach could work out much better in the long run.

[peterj99]

If nothing changes in a few weeks, everyone will be yelling and screaming for them to drill

[Chas15]

No, you'll see sub $4 share price again, if not worse. They hyped it up so much, they talked the talk - now it's time to walk the walk. Show factual results or else the SP is going to crater. Which it's already doing. 

[Moneycat]

Well that was a $hitty week.....looks like this is going to keep getting walked down 40-50 cents a day. For those technical traders I have a question...we had an ATH of 13.84.  Where might this settle if we don't get news for another month ?? 1

[Chas15]

As you can see by my previous posts, especially when the latest Nr was released - I was expecting $6. But as things get ironed out, it will likely go lower. $4-$5 is a reasonable guess IMO. The thing that concerns me is - what do they necessarily release to calm the storm? "We have oil"...? We know they have oil, people aren't patient enough to see where this will go in two or three

[TenneseeOil]

I think Recon is getting to the point where the stock price is becoming a distraction. They may as well continue on with the work. 2D Seismic and two additional wells is what matters. The US and Namibia are dealing with Covid Run Amuck

[Zoolanders21]

If you have patience buy warrants good for 3 years!!

[Buyhigheatchips]

Could as easily resume an upward trend as panic oversell  quickly burned itself out. Guaranteed a bunch of money has its finger over the buy button trying to sense the bottom. 

[Buyhigheatchips]

Ahem...

[Luckboxx]

LOL. Didn't you predict the first well to be a duster?

[Chas15]

  I certainly did not. Long Reco, short term not great though.