Post by
Hiddensecrets on Jan 26, 2021 11:53am
Authorization for 450km of 2D Seismic is KEY HINT OF SUCCESS
My understanding is that you only engage costs of seismic data if you are seeking conventional oil traps.
Before engaging such costs, which is expensive, about $ 3.3 million, you need to have some data or proof that there is oil in the ground, otherwise you are collecting seismic data on sand.
The fact that RECO waited about 10 days into the drilling of hole #1 before authorizing this big expenditure tells me that they wanted to see the rock formation before incurring this cost.
Jarvie stated that he saw the rock formation in the basin next to us and, they were black, rich, organic, shale rocks.
The words are that HE SAW these rocks.
So it is not a hard stretch to think that Jarvie is on site and HE SAW the rock formation from 10 days of drilling of hole 1 and gave authorization to acquired the seismic data as he was sure that there is oil.
This is my reading of these cards.
MPO
Comment by
Ebenizer3 on Jan 26, 2021 12:23pm
nonsense, back in August nr they stated they were going to use pp money for seismic and drilling.
Comment by
Strod on Jan 26, 2021 1:06pm
Exactly. I am a big believer in this story, but people just making up rubbish and ignoring what is said by the company is beyond boring. Same with the stock gyrating, always the evil shorters, absolutely painful!! I believe this will be a big success, but some of the drivel here is a joke.
Comment by
crude on Jan 26, 2021 1:08pm
Evil shorters make me money - where is the evil ?