Is it a plane, Is it a bird RECO is in a death spiral. The reason it is in a death spiral, is the reason it can't get out of it. Those hapless longs holding worthless stock will still be around believing there is oil when it blows up.
All paid promotions have ceased and Messrs. Jarvie and Granath have deserted and gone AWOL. No news since late summer 2022 when Management promised the 3rd well would be drilled by year end.
Namibia is corrupt. There was the $500 million "Fishrot" bribery case, and the recent Namcor official drug-dealing arrest. There is no onshore oil and they have much bigger fish to fry offshore.