RE:RE:Hey Turntotheright or Tennesee oil..Would love your opinionsI'm no expert but I have always said this is speculative investment and untill they have + cash flow I likely wiill. I am buying today. I will hold my position if it goes to 1$ as long as development continues in the proper direction.
The news today about 1,200 ft was fantastic and I didn't see anything at all that would indicate they are done drilling that hole.
Recon Africa's website has tons of incredible resources. I would go through them all 10 times. I'm a believer, a speculator but not a gambler. I don't have money in this I can't afford to lose. There will likely be pullbacks but over time I feel like anyone who gets in around $10-$15 has the odds in their favor.
I think it's very interesting that the volume is already so high. This stock is not about the share price it's about a freak ton of Oil and Gas whether it's accessible. Remember this Basin goes down 30,000 ft in some places. That's the same height Airplanes fly but that's the bottom.
Once upon a time this piece of land they had was a shallow sea full of life attached to a large ancient sea. Anyone who has ever been to a shallow sea, or shallow pond for that matter knows just how much organic plant life is there. The life isn't out in the deep water its where the photosynthesis can create plant life and eco systems. There were likely ancient Rivers flowing into the area eventually this giant 8 million Garden of Eden probably turned into a nasty stinky 8million acre bog and everything turned into a steamy energized stew. It got heated and pressurized and covered with rocks of just the right type.
Bill Cathey said there isn't a basin on earth this deep that doesn't produce Hydrocarbons. We've got the Heat and Pressure. Daniel Jarvie looked at the Source Rock and said yep that's the stuff. So far Recon Africa has found Seals in place and I suspect not only will there be Oil but Huge amounts of Natural Gas.
The US government and the Greenies need to be careful with how they piss off the Nambibian Government. Evidently Life Liberty and the Pursuit of happiness is now at footnote to our way of like. Nambibia was very smart to keep the China Card in the back of their pants. They also have a desire to modernize their military.
This is a vastly outsized resource for a country of what 20 million...
What is US Governement going to do offer them trillions of $$$ to not develop it? I love this thing. There is a Post from someone describing the Permian Basin in Texas. An Asset that size has helped to build the US for a long, long time. I think there is a chance this basin could be better. Mostly because it was a Giant Shallow Sea instead of just shorelines.
I would ignore Share Price completely.