Reconnaissance Energy (Africa) Ltd V.RECO

THREE powerful hints of a successful drill hole 6-2

[Hiddensecrets]

HINT #1

This stratigraphic test well has accomplished all the goals Reconnaissance set for it

The goal of RECO from the outset was to drill 3 holes to prove up a petroleum system in place.

They confirm that all goals were realized and, then detail some of these goals, without mentionning the most critical part - having a petroleum system in place.

This press release was done by design and you have to read in between the lines as it said that "ACCOMPLISHED ALL THE GOALS RECO SET FOR IT"

For me this includes:   A pertroleum system in place

HINT #2

Hiring of Diana Queen

She is specialized in government affairs (Energy, Water, Forestry and Climate Change)

You only need such a highly qualified person if you have a pertroleum system in place because teh oil basin touch each of these areas - govnt, energy, water, forestry and climate change.

Without oil in the basin, her hiring makes no sense

HINT #3

Hiring of Geoff Anderson

He is skilled in economic evaluation modelling and project development

Reference is made to two sales made to oil giants for:  $ 2.4 billion and $ 2.6 billion

You can see that he has been hired to prepare an economic model for this project development which will be given to the major oil companies for billions of dollars.

Remember that 2 weeks ago we hired a hostile negotiator.

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I undesrtand the need for secrecy but the mountain of high qualified people being hired by RECO would not come to them if they did not already have a Petroleum System in Place.  You have to attract these big players and they do not come if you have sand.

CONGRATULATIONS - We have a petroleum system in place

The only question is HOW MUCH OIL IS THERE????

mpo

[Rembaz]

Nice analysis, but if it would be true we won't be just 1% up. 4th hint, probably no news for couple of weeks if not months. I will hold my shares but I was expecting bigger jump after completion of first hole.

[Banker67]

This project has been pushed quite hard. Higher risk takers have mostly taken a position and are just waiting for positive news beyond “goals achieved”.  (Although like many in here they/we are still buying in the dips depending on the overall weighting of RECO in their portfolios).  Those with lower risk levels, obviously, need more positive information beyond the press release and the

[hydrocarbss]

Not necessarily - the first leg of a journey does not equate to completion. From the MD&A - The primary objective of the initial multiwell drilling program is to establish an active petroleum system, of which the main target is the Permian marine shales. Consider that the well was drilled to - obtain core samples in the Permian marine shales. RECO has successfully accomplished that