RE:RE:RE:RE:ScheduleIt seems to me that the information flow is being driven by the government. There is a lot of information on both wells that has not been released. Not sure why. But it seems to me that additional information could be release in the next month or so. This could be a near term positive.
The NR on the RECAF web site say that the seismic is going until the end of October, and that at that point all the information will be put together to determine the next well, hopefully one that produces oil. That well is target to start drilling in the end of Decembers. So a 2-3 month drill, you should not really expect positive news about oil production until Feb or Mar of 2022.
I think there were a lot of people that had invested in RECAF on the hope that the July information would result in a big short term bounce in the stock price. The info was positive, but it was mostly a confirmation of what was know before. For some reason the Government did not want all thie information out there. So the people that were looking for a near term bounce figured it was not going to happen, so they pulled out to look for greener pastures. This is months away from major positive news. But I believe that everything that I have seen points to a success in the months ahead. I am staying put.