Reconnaissance Energy (Africa) Ltd V.RECO

Finding a comparable O&G

[hydrocarbss]

O&G - being the majority of their business.

Biggest one - CNQ

Couple of data points: 

Proved Oil and NGL's - 10.5 Billion barrels
                                        
Proved NGas - 9,465 BFCs

Total Proved and Probable BOEs -  15.9 Billion

Market Cap - $35.4 Billion

CNQ in their production mix is tar sands - very heavy crude - low value - approx 30% of production.

RECAF has potential for much higher quality crude.

[Hotshot85]

This is not comparable. I would caution the comparable of an O&G comopany that has been around for 30+ years to a company that has drilled one wildcat (albiet with good results, that have been unverified).  The upside here is huge, but the risk is equally huge.  not to mention you should do some research on crude Quality. One of the most in demand bbl's of oil is Heavy due to

[hydrocarbss]

Well, just take me out back and sh**t me, lol

[Buyhigheatchips]

Yeah I know people need to play it cool but this stock is not going to zero. Next well will be similar results to the first. 

[Bpultra]

=========== well nothing wrong with postive thinking...  if they hit yes this thing is 20 bucks ... but if they miss and they can ... it will be 3-4 again until the next one... so place your bets 

[crude]

Might want to update your thinking , the next hole is supposed to intersect a wider pay zone

[Bpultra]

=========== I have blocks that are long reco... I started buying at the 2.60 range ..so "supposed" is  a very good word... also is "miss"  I hope they hit ... but this is stiil a very high spec stock... just been in this game al ong time and have seen a bunch of these sure things go to zero... so I update my bank account with this in mind .. GLTA .. and hope everyone

[teheran10]

OK we have HEARD you loudly and clearly. This is not going to 0, it is going to $30 on the next well and $45 on the thrid well.