Reconnaissance Energy (Africa) Ltd V.RECO

Expectations?

[C1v1k6]

if we are to hit/confirm oil off of this first drill what is everyone's expectations in terms of stock price ? Just curious if everyone has different expectations.

[pacer001]

C1v, Looking back on previous experiences, I would expect a very sudden huge surge that will lead to short covering and hence  more buying leading to a buying panic that will result in a huge tegmporary imbalance of more buyers than sellers triggering a halt in trading till the market fixers (excuse me market makers) can stabilize things. Then a dip as nervous nellies rush to take profits

[grenouille]

price expecteyions? in a word, HIGHER!  other than that, more data is needed.  if we hit/confirm oil... how much oil?  what time frame?  if we hit significant hydrocarbons, sp will rise and keep rising for a while.  you want expectations for next week? or september?...

[jimgeorge]

Remember the first two wells?  Recon announced all sorts of "oil" discovery factoids, many of which were greatly exaggerated (600 foot oil "pay" zone) or misleading (NSA doing reservoir analysis on well logs with no actual log pay).  The share price jumped, then fizzled out as it became clear over time that there was no actual pay (no tests!).  So what will

[RawSienna]

Did Reco ever use the phrase "net pay" in any of their own news releases? Any link would be appreciated.

[jimgeorge]

As far as I can remember, they never said "net pay", they referred to it as a 600 foot oil bearing "interval", a 600 foot oil "zone", a 600 foot oil "column"....you get the drift.  Anything that isn't technically rigorous....

[ZaPhiCa]

I'm glad jimmy is here with his Geo knowledge