Reconnaissance Energy (Africa) Ltd V.RECO

right move

[peterj99]

The right thing to do for investors

to an investor 3 or 4 months is nothing
to a trader it is a lifetime

let the traders bash each other for a few pennies for the next while

my best guess 2023
RECO will discover a commercial oil deposit

and they will find a partner

[pacer001]

I go back to Marshall and how he and Humbolt Oil kept on drilling even as things looked very bleak until they hit the biggest oil discovery ever in Alaska. So there is a sliver of hope. But difference between Recaf and Alaska is that they were drilling relentlessly turning Alaska into a Swiss cheese and Recaf is just plodding along. Recaf seriously needs a deep pocketed partner who can commit

[Angus66]

Agree with the Humboldt Oil comparison. Just like when Imperial kept drilling in central Alberta until they hit a gusher in 1947. You know they are still drilling around here today. Only now they have better tech to lead them in the right direction. I agree that more siesmic should have happened before drilling. Yes a partner with deep pockets would speed things up. A partner will show up

[eiementai]

This post has been removed in accordance with Community Policy