Reconnaissance Energy (Africa) Ltd V.RECO

20 $ this friday ???

[Leopaul01]

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[yrmac]

$20.00 friday? $9.00 in 2 days????

[grenouille]

i like it, but the end of the month may be more realistic for $20.

[Chas15]

Some folks here need to learn to manage their expectations. $20 by Friday is an idiot statement, so is $20 by end of the month. 

[peterj99]

So, is his price prediction wrong or just his time line?

[Bpultra]

============= That is not true... they put out an NR .. syaing they have a working hole On number #2 .. and state a couple zones with added Nat G ... and knowing this hole is like 16KM away ... I would be very surprised it stops at 20... so just like the last NR 6 to 11... could easily go 11 to 20 ... but to each thier own... GLTA

[Chas15]

I'm long RECO but I'm not delusional. Long term $20 is attainable, by Friday or end of the month? Unlikely. IMO. 

[AUborealis]

If Jarvie is right i.e. 120 Billion barrels. If 5% recoverable = 6 Billion barrels If $1.00 value per Barrel for Reserves - Then $6 Billion USD Mkt Cap. Todays combined Mkt Cap close of RECO ($1.5 B USD)                                                      and

[JohnnyDoe]

I think 5% recoverable is low, I'm no expert but I've read 6% to 8% is more normal 1 buck a barrel per barrel of reserves is very low Jmho but if they perm up 6B recoverable, my kids will become socialite types lol

[AUborealis]

And Jarviw was estimatimating the 'oil zone' to be 400' thick. 6-2's 'zone' was over 50% thicker than that at 660'. This play is BIG To the point where just a small percentage of investors have the appreciation of HOW big. And don't forget, the world uses 1Bn bbls of crude every 10 days...and will for the next 50 years. 'Green' power technologies will

[grenouille]

the end of WHICH month was not specified.