Post by
recowatcher69 on Dec 01, 2020 10:39am
Re: $2
I believe that Dan Jarvie had a 'low' estimate of 18 Billion barrels of recoverable oil and a 'probable' estimate of 50 Billion... At 50 billion barrels, with $40/barrel price, this works out to be $2 trillion in potential revenue.. I will sit on this for awhile as I would expect any super major to JV with Reco or offer in the range of $10 billion for the entire basin assets... Time will tell but the growth is and should be tremendous.
Comment by
Letsmake1 on Dec 01, 2020 10:58am
Jarvie actually had it higher https://reconafrica.com/wp-content/uploads/Dan-Jarvie-ReconAfrica-Geochemical-Analysis-1.pdf
Comment by
Strod on Dec 01, 2020 1:33pm
Sproule said 18 on the inital, with little data, estimate, which is unheard of. Jarvie was talking way higher like 120 billion on 12%, which in his speech he felt was conservative. Crazy numbers I know but thats what he put together.
Comment by
crude on Dec 03, 2020 4:12pm
Great day, expected this for tomorrow , this is just the start of bigger moves for this month. Charting on this is excellent !!! besto' luck
Comment by
Elephants on Dec 03, 2020 4:49pm
hmmm...sitting on a bunch of warrants....I really hope I don't need to get my check book out until after results.
Comment by
ratsnake220 on Dec 03, 2020 5:25pm
This play has legs.....boom or bust.....your guess is as good as any
Comment by
Alim33 on Dec 03, 2020 5:37pm
It will be quite a while before we find out if it is boom or bust. By that time this will be $10 so who cares what happens afterward.
Comment by
Elephants on Dec 04, 2020 10:16am
That involves selling. Not interested in that! I want to see drilling results first.