Reconnaissance Energy (Africa) Ltd V.RECO

its a trade on drill results

[TeamEddie]

may never get much further and if it does it will be a decade

[teheran10]

huh??? One day you say $10 now it will never get there.  This will be $5 soon enough once the rest of warrants get exercised. I though most were but maybe not. Not everyone sells stock to exercise the warrants. Remember that some investors here, and there are quite a few of, purchased the shares up to $5.08 The more I re-read the reports the more I am absolutely convinced we have a HUGE story

[Buyhigheatchips]

Ok I'll bite Eddie. A decade to extract and deliver oil from conventional wells? I'm no expert but seems unduly pessimistic to me. There's a massive global oil service industry available and farm outs will be to experienced players. 

[crude]

Eddie ,are you a Russian, Anglican ?

[hipfner]

The big issue is the quality of the oil/gas and what market exists for it. The railway is underdeveloped and not particularly close to the basin. The axle load is about 1/3 the North American standard. Roads in that area are scarce and not paved. Sandstorms are not uncommon. There is minimal capacity for petroleum on the coast, since they don't have a refinery. Power plants use imported coal

[teheran10]

When we discover OIL and NG, things will take care of themselves. I am sure Major oil companies will take interest in this project and find ways to transport whatever we have and any quantity we have. My goodness so much pesimistic outlook from you guys.  This is going to be a MAJOR PLAY, probably one of the last if not last big discovery this dacade. $150-$250

[Chas15]

Things will take care of themselves? Things surely don't "take care of themselves". It's a tough position either way, I highly doubt they'll be able to put a pipeline in that region. 

[Chas15]

6-8 month target is $4.25 to $6.50 if they find oil. 12 months maybe $10. 

[crude]

SOUNDS AS THOUGH YOU HAVE MORE SHARES IN THE  ANGLICAN CHURCH THAN RECON

[juniorbullalive]

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