If it makes a discovery, it will be on the radar of every super major out there and then we’re talking prime JV time, which would be yet another huge reward for early-in investors.
It’s also shocking to find out that Recon Africa, which has a market cap of only $350 million, owns the rights to the entire 8.5-million-acre basin. If it turns up anything positive in its results, this company will capture huge attention.
If it makes a discovery, it will be on the radar of every super major out there and then we’re talking prime JV time, which would be yet another huge reward for early-in investors.
Recon Africa (TSXV:RECO, OTC:RECAF) is optimistic, and it has every reason to be so.
One of the most respected petroleum geochemists in the world, Dan Jarvie, came out of retirement for this play and believes this could be one of the largest oil basins on the planet, and his conservative estimate is that it holds over 100 billion barrels of oil.