Bumpy dayon what looks to be a rocky start it's important to remember that RECO originally was not going to release any data until the Namibian government let it slip. Everyone upset about what exactly they've release and how little "info" has gone along with it, should remember there was no intention to release anything at this point.
the potential resource here is enourmous 1200ft of shows?!?!?! go back to Jarvies tables and you'll see his calculations are based on 400ft. There are obv inherent risks here. it's wildcat exploration in the middle of Africa with ZERO well control. That said, every relase that's put our seems to be derisking the basin and increasing the potential.
this is a lottery ticket with a 1-10 chance of success. not a 1 in 215,000,000. I took out inital investment at $5 but i'm holding the free shares potential here is toooo massive
still need
kerogen 50-75%
good porosity and permeability
traps.
seismic is now the next catalyst