Reconnaissance Energy (Africa) Ltd V.RECO

Comparing RECON with INVICTUS

[hikari]

Boom and Bust are so close in oil and gas exploration.

On 9th of Nov 2022 Recon published the drilling results.

Personally I think the Kawango Basin is a great asset but I do not like the way Recon is managing the newsflow.
The market reaction was that the share price lost about 50%, a sad bust day.


12 hours later on 10th of Nov 2022 Invictus published drilling results.

Personally I think the Cabora Bassa Basin is a great asset and I like the newsflow.
The market reaction was about + 150%, a nice boom day.


Analysing the wording of both reports to the market. What do you think. How can you identify the the boom or the bust just from the words from both reports? I would appreciate a discussion with rational pros and cons.

[hikari]

https://reconafrica.com/wp-content/uploads/ReconAfrica-Press-Release-110922.pdf https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=ca%3Areco&insttype=&freq=1&show=&time=8 https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02596285-6A1121454?access_token=83ff96335c2d45a094df02a206a39ff4 https://bigcharts.marketwatch.com/quickchart

[montreal10]

Recon was drilling to find commercial oil; they did not according to the news; the other company, were they drilling to confirm a presence of hydrocarbonate system? 2 different objectives 

[Ebenizer3]

well the results are the results, and there's absolutely no confidence that management is going to "Shoot straight" the SH. Recon knew what they had when they did the wireline logs and could of clued SH in, have no clue when they got results on the cores which would come a couple of weeks later but they knew the 8-2 wasn't even close to what the 6-2 was. An example of no

[Ebenizer3]

and also Invictus has a more detailed view of their prospects, lots of infil seismic where reconAfrica had only a couple of lines with more on the way, and supposedly now going to run some gravity survey but that didn't come from management but IR? But who knows!!! For me from the beginning I like the 2-7 prospect in a deeper part of the basin running into this thrust belt. Hopefully they can