RECAf Tight Holing ShareholdersThere was another junior Canadian player a number of years back that RECAF appears to be immulaitang.....anyone ever heard of BREX?
There is no reason to withhold well data from shareholders or potential major oil company partners, as there are no competitors in the basin...RECAF owns it all.
To date RECAF has not claimed a single drop of recoverable oil. Nor do they identify the geologic age of the sediments drilled to date, nor have they made mention of encountering basement in either well. No mention of potential testing, no mention of "water".....every reservoir has water.
BTW...Fresh water gives the same well log response as hydrocarbons, as does tar deposits, which may expalin the lack of information.
No information means something is up seeing as how heavily RECAF "pumped" this project prior to drilling.
The silence from RECAF management is deafing........
JMO's