Post by
bovalena on Jun 24, 2021 10:57am
Permian Basin Twin
I live on the edge of the Permian Basin in Sweetwater Texas, and unless you have driven through the heart of it and seen the 100 year production history and the phases of oil extraction that progress from conventional to unconventional (I know that word is not allowed) over that 100 years you cannot understand what it is that RECO has found. If you want to understand this get on I-20 and drive from Sweetwater to Big Spring on over to Midland the Odessa then Monihans and cut down through the Deleware basin to I-10 and go for a swim at the State Park in Balmorrhea. It is the industial might of America. No other way to put it. If the stacked source rocks and shales are indeed 500 to 1000 feet deep at a depth of 30,000 feet then to simply say we have found an active petroleum system is the understatement of the century. It will produce large quanties of oil for centuries. New wells are being drilled everyday out here in this 100 year old discovery. I only have a small position and unfortunately missed on this stock after it was presented by a friend Uncleson to me at 35 cents. I was too busy chasing gold!!! I will hold my small 5000 shares forever! I 'm with Richard Russell," better to by a small amount of something special as you are much more likely to hold it forever than large blocks that provide too much temptation of rapid gains leaving you stranded at the station as the locomotive steams off!!!! " GLTA