Reconnaissance Energy (Africa) Ltd V.RECO

Where do you see RECO heading when they hit the black gold?

[MrVerbatim9800]

$15-$20 until they start shipping it out for profit? Where do you see the SP at when they are in full bussiness mode? Maybe $28-$35? This is a new type of play for me, So just looking for a range of thoughts on the matter.

Thanks!.

V

[C6J6Dub6U]

Depending on how much they prove, and depending on how much there is, The numbers are honesty ridiculously high. Real difficult to figure possibly 4 digit sp

[MrVerbatim9800]

I realize that now, wow! I was just looking at comparable companies and it totally blew my mind. Several of these discovery companies went from around $2.00 to +- $1000 in a matter of weeks after a good well hit, then leveling off as the years go by. A positive drill here will send share holders into retirement.... I really had now idea at the overwhelming potential here. I simply saw a good

[C6J6Dub6U]

I was tracking the boat ride bringing over to namibia. It took almost a month. When it came into the bay there I was ecstatic when I saw all the other oil drilling ships and rigs around. I'll repost my post from when it came in

[jaybsin]

What comparable companies SP are you looking at?  

[amkestrel1961]

recon investor presser valued the 6.3 mill acres (ma) at 'trends" or as some label it "easy entry" at US $40/acre or $250 mill or US $!.50 fully diluted.value. This is 1X. "undeveloped" with core logs and seismic data and oil and gas shows at $850/a or 20X and at 'appraisal" at $4000/a with successful tests and production from horizontal drilling. Appraisal is