RE:Easy gamble....I have a reason to avoid. You won't like it but I've seen it over and over and over. Unlike exploration in USA,Canada,North Sea etc. if you actually do make a major discovery in virtually any non G7 country, it will be confiscated or taxed to the equivalent of confiscation or forced into taking "local partners" at egregious terms. So good luck anywhere in Africa, Southeast Asia, Russia, or any country that ends in "Stan". Exxon can call on the 5th,6th and 7th fleet if the local junta or warlord grabs it. What's reco got? Couple hosers in a canoe eh.
Wynjoe wrote: Reco is drilling. There's a very high probability of a commercial find. Why not throw a few bucks at this play?Definitely should go north of $6.35 in short order. I see an easy $15.00 plus s/p instantly on a huge discovery,and that's a strong possibility. BUY BUY BUY!!!