1.2+ Trillion BOE in the Kavango? There are companies all over the world dying to build a new Major Pipelines. The East & West tensions are just such a wonderful back story.
I believe the Kavango Basin actually has between 1,200,000,000,000 and 1,800,000,000,000 Total BOE and I think at least 10-25% of that is going to be accessed Conventionally. Yes that's what I said. (Proof... Hell No) But I think we can look at the Geography and the Geology as well as what I believe is a shocking amount of Natural Gas in addition to more Oil than they were expecting. That is fascinating... because what else could have surprised them?
IMO the Basin is even better than they thought it was in their rosiest predictions. What I'm hypothesizing is that they are getting more Hydrocarbons then they should in even their aggressive models.
There are a number of scenarios which could have caused this but all of them are extremely favorable for RECON.
If the basin is substantially better than they hypothesized. the Seal, Basin, Source Rock and Reservoir Rock all Exceeded their expectations... How is that even possible? What I mean is that there are natural laws here and to exceed their expectations means that the systems of this basin are even better than expected and over time there are verifiable reasons for that.
IMO there are significantly more Hydrocarbons present than expected and they are more accessible and can be collected more easily than expected. They are substantial enough that they've decided to make $$$ while mastering this basin.
They are talking about exporting Natural Gas as well as the oil, and having pipelines and refining. That is insane!!! Not for one second do I think they will go this alone. However, right now Nambibia is a net importer of energy... You have to wonder if Namcor or the Nambibian government could actually save money as well as make money from infastructure development. If so it's a no brainer...
Nambibia is going to become the wealthiest African Country in the world. It's too bad China won't stop manipulating their currency if they had gotten over the economic shock to their system the might have been able to get their First Atlantic Military Base or maybe they will pay for it in US Dollars. My gut tells me whomever finds the Oil is who Nambibia Rides with. Canada Found it, so Nambibia will ride with the US and NATO sorry China... I mean everyone is going to leverage the politics but it's a done deal.
Everyone please re-read their latest Power Point...
However, keep in mind that although I just said there are between 120,000,000,000 and 450,000,000,000 BOE Conventionally available.
That isn't even remotely factored into my Risk/Reward Math thesis of 25X to 45X return thesis. That Makes Recon Africa a penny stock at the 10-15 dollar levels.
Also for those who want an uplisting to a "Major Exchange" that isn't what we actually want. We want to be a big fish in a smaller pond untill the time is right. Right now the massive companies do not have access to throw this stock around and frankly we don't want them to. Also Please keep this in mind if the Basin is a good one we should expect and cheer dillution just as hard as we would large JV Partnerships. These guys are Oil guys!!! They have already done the math we have an amazing team.