RECO is sitting on an OCEAN OF OILHole #1 was a wildcat hole, they were not expecting to hit BTU and light oil in such large quantities 200 meters.
The fact that they did hit without seismic data means that RECO is sitting on an OCEAN OF OIL.
Hole #2 will evaluate MAXIMUM THICKNESS.
So far we have two holes that confirm PETROLEUM SYSTEM IS IN PLACE.
ST-1 drilled in prior decades (our neighbours) and, our hole 6-1 which is a continuation of what our neighbour found but on RECO land.
Highly porous means oil is easy to get to and, it is a matter of find the traps to where it has flowed on the land. The 450 km 2d seismic data will accomplish this.
CONGRATULATIONS.
We will rally for a long time as project has been de-risked.
mpo