RE:RE:FWIW ... a few points from today's PRFor me Recon is somehow a strange company with an unusual behavior and communication. A) Recon is a small company but got a big management team. Some members of this management team have impressive CVs and I do not understand why this guys have an unusual Recon behavior as well B) I have been taught, when you drill a stratigraphic well, drill it as deep as possible, down to the crystalline, down to the deepest formation where you cannot expect any hydrocarbons any more. Again this unusual Recon behavior. Why did they not drill deeper? We or let's say I found no answer. Possible explanations are that they were not able to drill deep because because they had drilling problems or the basin is not so deep? Do they hide the truth from us like con men? I do not know but I would like to know. C) Drilling stratigraphic wells is no or an unusual business case LOL D) In my opinion the work flow of Recon is unusuall as well. When you have a vergin basin I would expect a workflow like this: magnetic survey- gravimetric survey- shoot one or two long 2D seismic lines to get a good overview - ok, buy a drilling rig in the case it is cheap - ok drill ONE and not many stratigraphic wells- do VSP, calibrate your seismic with the new data - shoot more 2 D seismic - shoot a more detailed seismic for leads and prospects - rank your prospects - drill some wells, expect some dry wells but crack the code for this basin, get free carried from a farmin partner after the first discovery --- but again Recon shows a unusual behavior and workflow D) We drilled a well but the results are a secret because blabla. But we can show you a small piece of data from the mud log, I.e. some gas shows ... IF any junior oil exploration company drills a successful well, it is in the news all over the world immediately. There is only one valid point to keep the results as a secret. In the case you want the whole concession. But Recon has got the whole concession already, so this is no point to hide the results. Some weeks later they publish the wole interpretation of the mud log. Why do you wait so long. Is it a secret now or not? And because of this unusual Recon behavior I start to speculate and assume that Recon wants to hide bad results and is not straightforward. E) Another example of unusual behavior. They publish some 2D seismic lines with not the best quality but no interpretation. Again a small piece of information, where is the whole story. The interpretation? That has been done by some investors F) The share price of this company with a too high market cap is crashing. No wonder with this unusual behavior. G) Do you think this is a successful company worth to invest? In my opinion no. As of today I assume they try to hide bad results and try to postpone to tell us the truth. Again unusual behavior because you loose the trust. And after you have lost trust it is a small step that people think you are a con man or a snake oil seller as they say in Texas. H) First Recon say it is a unconventional play. And then we say ooh, no no it's a conventional play. Again unusual behavior. In my opinion the straight communication would be: look this is a verging sediment basin. Nobody knows anything as long we have not done seismic and drilled successful wells. In a verging basin you can discover conventional oil and gas reservoirs and you can discover unconventional reservoirs. End of story. No, I do not short Recon, no I am no paid Recon basher. It is just as I see it at the moment and I think we need more reconnessaince. And yes, I think the Okavango Rift Basin could have some commercial oil and gas reservoirs. And I wish Recon would communicate straight because every investor in explorers understands that you drill more dry wells than gushers. So I do not understand this unusual communication of Recon.