RE:RE:RE:RE:New deal with Namibia is good newsThe value of the newly acquired 5% will go up with drill bit success, JV deals, and the 3rd party resource report. I assume RECO has high confidence this will happen. They can farm out the 5% for a profit later this year. Also, I highly doubt NAMCOR would be able to fund the 10% carry costs on the intitial basin development which is how oil JVs operate. NAMCOR has probably realized this since Namibia is currently poor. NAMCOR likely expecting its RECO stake to increase in the near future so they can sell later this year to fund its 5% of initial costs. I am speculating on the timing of course which may happen later. Eventually with enough wells, the basin production will become self-sustaining with some downstream assets in place (transportation, storage, etc.). This deal will look a lot better to all later this year with more holes and JV deals. The big thing right now is that this completely takes the legs out of the climate NGOs and their media strategy.