RE:RE:700.000 share purchase = PETROLEUM SYSTEM IN PLACEYes - he excercised his warrants, but don’t diminish this news. These warrants have been tradable on the TSX since last August. Instead of selling them, Doug chose to reach in his pocket and add $700,000 to his personal investment in ReconAfrica. That brings his total out of pocket commitment to $1,200,000. since joining the company last summer. I view this news as the most bullish signal we have received to date on the status of drilling and oil discovery in the Kavango.