World-class HypeNamibia offshore this, Guyana offshore that...Crude going up to the Moon.
Africa Oil (AOI) with Total found 3 billion barrels of oil offshore in Namibia. The stock had since dropped from around $3 to just over $2. People here were going ga ga over the find. AOI is run by the legendary Lundin family with billions barrels of oil in deep offshore wells in Nigeria and on shore oil discovered in Kenya 9 years ago. Compared to Reco that has no oil, just hype. The Co has just one rig and no JV's.
Look at other promotions in offshore Guyana such as CGX (OYL) which tanked today.
This is just nuts with the longs. Oil price.com and others have stopped promoting Reco, wary of being accused of pumping up the stock price for remuneration.