GREY:RNSFF - Post by User
Comment by
Ebenizer3on Jul 12, 2020 8:40am
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Post# 31256999
RE:RE:RE:RE:RE:RE:RE:RE:Insider sale
RE:RE:RE:RE:RE:RE:RE:RE:Insider sale we won't know anything until roe tells us something, the info we do know is roe has an option for Botswana and it starts within the first 12 months for 1 mil than an extension from the 12 months to within 18 months for I think 1.2 mil. The good news is the overlap ceo steinke geologist jarvie petroleum engineer steinsberger so not to mention ceo is an original founder of reconafrica. So it all hangs on with what they find out with these first three wells whether or not roe will be a success. If they find something like what's out there in west Texas things will get very interesting very fast even if oil prices are slow to recover. Just my opinion but the conventional play in these lower prices are very appealing. Until they get a vaccine for covid19 oil prices will be muted. And what better time is there to develop a new basin in an lower cost environment in an area of the world who actually wants you to develop there countries resources. Hopefully by the first quarter of 2021 we will have our answer. Good day