Reconnaissance Energy (Africa) Ltd V.RECO

Stock Price Estimate

[Sandpoint]

The lower estimate of oil reserve is about 8B barrel. Exxon has a proven reserve of about 25B barrel and a market cap of $200B or about $8 per barrel. At this rate the RECAF resevers should lead to a market cap of about $64B. The current market cap of recaf is about $300M with a stock price of a out $3.5. At a market cap of $64B the stock would be $746 or about 200 times the current price. The upper limit of price base on reserves of about 120B barrrel is about 15 times higher. In short if they find what the geologists say is there, the price will be somewhere between 200-3000 the current price. But if they drill dry holes, it will be zero.

[NameOfTheGame]

It won't be zero in the worst case scenario. The company has cash on hand and no debt. They would continue to finance more exploration but it would be a drastic drop. 

[C6J6Dub6U]

I would sell my house and use those assets to double down. The other side shows to have bigger deeper holes

[kanemochi777]

LUCKY$7++COMING $$$$$

[FastIroc]

............so what kind of price do you see in a month after next update ?

[Chas15]

That would depend on the update, if things go smoothly I think in a month we will have a solid foundation at $5. The past week was really telling - other than that drastic drop intraday Friday, it was very stable with consistent gains. Which bodes well for the stock. So, by end of February I'm banking on anything under $4.50 to be last months news - onto $5. 

[TurnToTheRight]

I wish you were right, but Exxon's market cap is based mostly on their current production of about 3.6 MM bbl/day, midstream, downstream, and chemicals divisions, although the reserves do add some market cap - you would likely need to speak with their head economist to get an accurate breakdown though, especially to determine what a bbl of reserves is worth.  There is a huge

[teheran10]

They can buy me out at $150-$250 next year. 

[kanemochi777]

THIS IS A LIFE TIME OPPORTUNITY The commodity boom is ready to go. Position yourself accordingly! $RECAF $XOMhttps://pbs.twimg.com/card_img/1357621405777596417/a_kq6ANP?format=jpg&name=small THIS IS A WINDOW OF OPPORTUNITY ==**GET IN EARLY BIRD*** MAKE VERY WEALTHY YES SIR == I SEE COMING NO BARINER NOT TO BUY ==GET IN NOONE CAN NOT SEE THE WINDOW OF OPPORTUNITY IN LIFE TIME AND LAST TIME TO

[NameOfTheGame]

I suspect market value of the stock will with no commercial hydrocarbons (would be a first for a basin of this size and depth) is 0.25 cents based off the book value of their assets and 50 dollars per share at 100% proof of commercial hydrocarbons assuming geologists are spot on with their estimates of recoverable reserves. It will probably not be one or the other but somewhere in the middle. And

[hipfner]

100% in agreement.  Compare this with Valeura, a sure-thing in 2010. Equinor paid for their wells and took a major loss. As did I. There is no sure thing. Until the basin is drilled and defined this is a speculation. (and I'm owning this)

[Hiddensecrets]

Perhaps you got your investments mixed up, this is Reconnaissance Africia and, not Valeura.   The year is 2021 and, not 2010.   And the management of RECO is not the management of Valerua.    And Jarvie is on our time and not with Valeura. So  you are comparing Apples to Oranges.  I understand you had a bad experience and I am glad you own shares here, but

[Letsmake1]