Reconnaissance Energy (Africa) Ltd V.RECO

Realistic? Unrealistic? Do numbers lie?

[C6J6Dub6U]

hello I just said haywood estimates 24 on a 50m find. He put all those factors into perspective. Point it 12b is exponentially higher

[MattL87]

  500m not 50m

[C6J6Dub6U]

[C6J6Dub6U]

you are correct. Missed a zero. Therefore 500m barrels = $24 12B Barrels = $576 120B barrels = $5760 Numbers keep increasing

[NameOfTheGame]

Respectfully unrealistic. This company is not going to have double the valuation of the developed Permian regions in Texas when it is completely virgin. That value may accrue over time, but you will also be facing dilution to finance field development or only receiving a portion of the royalties from farm our agreements.  It could be good. Great in fact if they strike. But let's keep

[C6J6Dub6U]

my mathematics has more logic than your opinion. No offense. If you were to show me facts and not opinion I would be more than happy debating with you bud. However if you can't bring solid data or facts to the table why try? I showed haywood 500m barrels at $24 share price. I divided 12b and 120b by 600m. Then multiplied each share price to match the multiplication of the number of barrels

[NameOfTheGame]

Yeah what do I know with my two degrees in petroleum engineering and economics. Lol

[teheran10]

I think you should get hired by the company.  I am sure you are an educated man but you are NOT there as far as I know. Let the management know what you think about the Project and tell them to pack up and go home. 

[TurnToTheRight]

I think a lot of people are missing the point NOTG is trying to make, and anyone involved in asset development within the oil and gas industry would agree with him. It is a logical fallacy to linearly extrapolate the share price from a 50MM bbl find to a 12B bbl or 120B bbl find... it doesn't work that way. That's why there are different tiers of driling locations within a asset

[hhlfan]

If we find commercial oil, it's likely that the oil majors operating offshore Namibia (a half dozen or so) are going to want to farm in, possibly jointly, leaving Recon with around 10-15% interests, but reducing the cost to develop.  Recon share price would go up a lot, allowing for it to raise lots of money to fund its share of development. I personally believe Recon is in the right

[NameOfTheGame]

@Teheran10 no you are right. I do not work for this company. I only plan, forecast, and design Oil and Gas infrastructure for one of the biggest utilities in North America.    You missed my point if you think I think they should pack up and go home. I 100% support this wildcat play, that is why I'm invested here. In fact it's not like any other play in the world at this

[C6J6Dub6U]

so am I. Or am I? Or are you? Lol. You could be someone completely different than you claim. Quite honestly don't give me your bs cracker jack credentials when we all know you could be a 114 lb asian prostitute with an overwhelming addiction to gambling who is Seeking to feed the cravings of gambling on the stock market. Bam. I'd believe either as much as the other

[TurnToTheRight]

Anyone with experience in the oil and gas industry understands the points that NOTG is bringing up are legitimate concerns or comments, tends to lend support for the fact that his credientials are legitimate. Because for the most part, the comments on this board are devoid of the industry technical jargon indicating he does in fact work in the industry, and that he knows what he is talking about.

[hhlfan]

I've been investing in oil & gas for 3 decades and can retire now, if I want, having made a lot. NOTG and the other petro experience guys are telling you what's what.  They are right You CAN still make a LOT of money with Recon IF we find commercial oil.  The chances are good in my opinion.

[NameOfTheGame]

Lol. Well that's not wrong from your point of view which is why I shared some technical jargon to look into. Do your due diligence is all I'm saying. It's your money to risk and I respect that. I just am trying to share some caution based off both my career and education.  I get valuable insights from others here, economics and formation evaluation happen to be something I

[CoreyB]

He has posted far more fact-based info than your crackhead theory on the stock price going through Pluto becaus another invested company without any supported facts claims there could be more than what was previously stated under thousands of feet of rock...

[water4life]

I have to agree with nameofthegame. This play is going to take time to realize its value as they will have to answer a lot of the questions that were outlined. Have a look at the history of Africa oil aoi (backed by Lundin). Oil development just like any development in Africa is slow and complicated. This is not Texas remember. As we start to get answers and they are positive our best hope over

[peterj99]

So, your best hope over the next 6 to 12 months is $7 a share?  They ar almost there now LOL

[Chas15]

Yes, let's take the numbers provided by a company with a large holding in RECO as concrete factual statistics lol. Come on people lol let's use common sense. 

[NameOfTheGame]

What numbers are you guys talking about? OOIP? I've read all the reports put out by both Haywood Securities (who has a vested interest in price valuation increases) as well as the company itself. From my knowledge (and correct me if I'm wrong), Reco has not made anything more than a speculative estimate at OOIP and OGIP. In order to truly place valuation to the stock price (outside the

[ubiquitousman]

People might want to look at the history of Vaca Muerta formation in the Neuqun Basin in Argentina. Huge OOIP but it takes a long time to get up and producing. Granted, proving up producable oil will make this stock go up multiples. My target over the next 6 mohths is $15 USD if they have some success.