ReservesThe more work RECO does in defining what type of reserves will determine where the share price goes. The more drilling they do along with siesmic will determine which category their reseves fall into. The three categories are proven/probable/possible. Anyone can look these up to decide for themselves where they think RECO's reserves are at. Of course the more reserves in the proven category the better.
Like i stated earlier the more work they do to define the type of reserves the better.
This is super interesting so far and looks very promissing. When they bring some of this oil to surface everyone will get really excited and the SP will go up.
This is fun to watch and i have some skin in the game. This is even more exciting because WTI is above $70 and rising.
I think this management is on the right track so far.