Reconnaissance Energy (Africa) Ltd RECAF

News tomorrow?

[C1v1k6]

Im assuming we will see news tomorrow with  there last report they said the j.v would be finalized before the drilling starts and the drilling is supposed to start before the start of July . Hopefully we get something tomorrow

[bartno12001]

i think they have found oil. the previous mgmt is pretty much removed, the new mgmt has shown that they are committed to whatever they say, plus they just got options 5 days ago. there was an oversubscribed public offering and new management seems like they are all from big companies - Nexen, Anadarako. there is also a director from MEG energy.   i bought 2500 shares just to see. i have

[bartno12001]

guys just disregard my previous comment. i researched a bit more into this company and went back as far as 2021 and the risk is a bit more than i expected. it is very speculative. i sold 1500 shares and holding 1000 shares only now