RE:RE:$72 dollars a share.... come on now ... lolBpultra wrote: Bpultra wrote: Recon Africa RECO (TSX -V $C 8.30) History shows that the first few wells in a new exploration play establish the multi-billion-barrel fields very quickly North Slope - 3 wells = 9 billion barrels D & M reserve report Similar examples in dozens of other giants RECO can de-risk its 6-2 discovery with 3 more wells this year, will be drilling 6 more tests in all within less than a year Every 1 billion barrels recoverable at a PV 10% of $C10 per barrel, which is very conservative, adds $C 10 billion to RECO’s Enterprise Value or 9 X the current market capitalization or by $C 72 per share
https://www.dewolfresearch.com/
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forgot this
CONCLUSION The discovery of a series of potentially giant oil discoveries for RECO in Namibia and Botswana is commencing. The upside is so enormous and the results to date are so extraordinary that the risk to an active oil and gas portfolio manager is how much of an overweighting is appropriate.
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shoot I hit the post button before I get done dang damit...lol
On May 6, 2021 RECO announces a bot deal for
$36 million equity via unit priced at $9.50 with a 1/2 warrant – One full wt. is exercisable at $14.00, forced if stock trades at @ $20 for 15 days, for funding the 4th 5th and 6th wells through to June 2022.