Further to big numbers...The initial Jarvie presentation used a 400' thick pay zone on 12% of the sections under the RECO lease.
At 50% kerogen conversion he guestimated 49 mmboe/section
At 75 Kerogen Conversion he guestimated 73 mmboe/section
https://reconafrica.com/wp-content/uploads/Dan-Jarvie-ReconAfrica-Geochemical-Analysis-1.pdf
"Of ReconAfrica’s 13,672 sections, calculations are based on 12% of that acreage or 1,641 sections only"
He came up with a range of 80-120 billion boe on 1641 sections (the 12%).
Well 6-2 found a zone that was 660' thick or 50% higher than the guestimate.
Which means the oil in place on that 12% could be as large as: 80 to 120 x 1.5 = 120-180 billion boe.
IF and I mean a BIG IF the same metrics hold true for the other 88% of the sections then the Oil in Place could equal something in the range of 8X that guestimate.
Or 960 - 1,440 billion boe.
If a deal was done at a 1$ per bbl that would equal about $1 Trillion dollars.
About $5000/sh.
Of course there would need to be a few more wells drilled.
This second well now drilling, 6-1, is a 10 mile 'step-out' location from the first well.
The area under lease is 190 miles long and 85 miles wide.
Using the same spacing as what is now taking place, a 10x10 mile grid, RECO could drill ~150 wells to really get a handle on the entire 'play'.
Right now they have a pretty clear path to getting 6 wells done without any further dilution.