Reconnaissance Energy (Africa) Ltd V.RECO

MAJOR hint in Corporate Language.....

[Hiddensecrets]

"The exercise of these listed warrants significantly strengthens the company's balance sheet, providing a strong catalyst to accelerate ReconAfrica's objectives in developing this newly discovered deep Permian basin," said Scot Evans, chief executive officer.

=========================================================

I want you to carefully note the words used by RECO.   As I stated a company behaves in one way when there is success and another way when there is failure.

Look at these hints:

- Strong catalyst (meaning momemtum continues for them, but for what???)
- Strengthens balance sheet (probably towards negotiations with majors)
- develops (which confirms you have something to develop if not why use the word)
- newly discovered (which means NEW DISCOVERY of some kind, what do we have???)
- deep Permian basin (this is what they have discovered, how do they know it is deep                                       and how do they know it is Permian???)

MPO

[teheran10]

I am wondering when the SP exlodes for good and we see $7 and above.

[simon19]

Not until all 3 holes are drilled.

[teheran10]

...... well I do not think so but this is my personal take We already know we have a discovery so this is just a matter of saying it now.

[simon19]

It's a matter of proof of discovery. Right now there is no proof.

[grenouille]

...right now there is no published proof.  is there some unpublished proof?  good question.

[CoreyB]

They already knew it was Permian, that is what they were shooting for on these holes, so that isn't "new" info.  Reading into the "discovery" is more tempting.  Of course the addition of money from warrants being exercised will strengthen the balance sheet, should go witout saying, which will drive towards the goal of these 3 holes without fear of needing to raise

[mydogchach]

Hiddensecrets - (2/10/2021 8:54:33 AM) MAJOR hint in Corporate Language..... "The exercise of these listed warrants significantly strengthens the company's balance sheet, providing a strong catalyst to accelerate ReconAfrica's objectives in developing this newly discovered deep Permian basin," said Scot Evans, chief executive officer. ==============================