Some perspective...In light of the 6-2 well findings of “light oil”, roughly 660 feet of “oil and gas indicators... in a stacked sequence of reservoir and source rock”, and projected deposit volume of 120 BILLION barrels of oil, I thought these articles would help some people get a better (and hopefully accurate) sense of this stock’s potential.
As more experienced O&G industry contributors to this message board have pointed out, there are a many factors that will ultimately determine the true worth of RECO’s discovery, but I think the talking points covered in these two articles will have a significant impact in determining how large RECO’s can eventually become.
Light oil implications ...
https://www.thebalance.com/the-basics-of-crude-oil-classification-1182570 How 120 Billion barrels of Oil stacks up to other countries...
https://247wallst.com/special-report/2019/05/20/15-countries-that-control-the-worlds-oil-2 Good luck to all with this investment! Except Frank.