Went to the Horses mouthSince there were so many rumours flying around and a stock halt this morning, I drcided to call RECO up. This is no problem since I live near Vancouver, the heart of Howe Street Stock Scams.
The lady was very nice but wouldn't give out any info, but did say she is a big holder of stock and continues to hold. She said at the outset the venture was to find a permian system and that idea was more speculative than it is now. Whatever that means.
She says the idea of drill, find oil and mine it is not what they are looking to do. They want to prove up an extensive Permian-type basin and will not be releasing results until they have finished their 3 well exploration and seismic operation.
At the same time they are taking longer than forecast due to extensive sampling
Their plan is to finally drill up to 10 water wekks for the local population