THREE powerful hints of a successful drill hole 6-2HINT #1
This stratigraphic test well has accomplished all the goals Reconnaissance set for it
The goal of RECO from the outset was to drill 3 holes to prove up a petroleum system in place.
They confirm that all goals were realized and, then detail some of these goals, without mentionning the most critical part - having a petroleum system in place.
This press release was done by design and you have to read in between the lines as it said that "ACCOMPLISHED ALL THE GOALS RECO SET FOR IT"
For me this includes: A pertroleum system in place
HINT #2
Hiring of Diana Queen
She is specialized in government affairs (Energy, Water, Forestry and Climate Change)
You only need such a highly qualified person if you have a pertroleum system in place because teh oil basin touch each of these areas - govnt, energy, water, forestry and climate change.
Without oil in the basin, her hiring makes no sense
HINT #3
Hiring of Geoff Anderson
He is skilled in economic evaluation modelling and project development
Reference is made to two sales made to oil giants for: $ 2.4 billion and $ 2.6 billion
You can see that he has been hired to prepare an economic model for this project development which will be given to the major oil companies for billions of dollars.
Remember that 2 weeks ago we hired a hostile negotiator.
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I undesrtand the need for secrecy but the mountain of high qualified people being hired by RECO would not come to them if they did not already have a Petroleum System in Place. You have to attract these big players and they do not come if you have sand.
CONGRATULATIONS - We have a petroleum system in place
The only question is HOW MUCH OIL IS THERE????
mpo