Reconnaissance Energy (Africa) Ltd V.RECO

To value RECO: calculate $ 6/barrel (how many barrels???)

[Hiddensecrets]

The best way to calculate RECO fair market value market cap is as follows:

$ 6 per barrel of oil  *   number of barrels of oil that they have 


Hayward calculated that at 525 million barrels of oil, RECO stock is worth $ 24 per share.

The seismic data at the end of September 2021 will tie in holes 6-1 and 6-2 to show that we have a river of oil

The tie in will then be 16 kilometers of oil by 30,000 feet deep (the level in the sky where planes fly).

That means BILLIONS UPON BILLIONS of barrels of oil

So then calculation billions of barrels of oil *  $ 6 per barrel and, you will get the fair market value of RECO.

I calculated at 120 billion barrels of oil, we are a company that is worth $ 720 billion in market cap or, 700 times more that what we are valued today.

Good Luck, 

mpo

[teheran10]

Good Morning from Africa InshaAllah, You are the most optimistic investor Hiddensecrets I have even known, and I am the second one here I guess, with calculating so much value per share. If we recover 12bbo we are still at about $250 level. That is my estimate. This is what I know from speaking to various people in the know.  Anyhow, we shall see. $150-$250

[Matteo1234]

Your dreaming, 120 billion without fracking. Too many rah rah arm chair quarterbacks. Geez. Stayhard.

[jimgeorge]

What kind of moron would make a post like this?

[Moneycat]

But little Jimmy...why are you even worrying about the net earnings from a barrel of oil  when you were warning people that RECO was a scam with zero percent chance of commercially viable oil ?? Did you forgot what you have said before ??

[TeslaPlus1]

JG is a saint. He is here to save us from the big, bad RECO.  Such a selfless individual.   :)

[teheran10]

JG was trying to bash the oil profit scenario of Hidden... but actually came up with almost the same valuation. LOL  Someone else's children I tell you......

[Zoolanders21]

Haywood uses $6.70 per recoverable barrel in their valuations.  If there was an above average find of say 2 billion recoverable barrels MC would be 6X current valuation. Do the math. It is not rocket science lol. GLTA 

[Buyhigheatchips]

I could live with that!  

[ClaySRF]

I've been reading all the evaluations posted here. I'm a Petroleum Engineer with 45 years experience primarily in operations of drilling and production worldwide but have a lot of experience in reserve evaluations. What's being missed is this: assume there are only 50 Billion barrels found in place (OOIP) and a recovery factor of 40% yielding 20 Billion Barrels of recoverable oil which

[NonCredibleSrc]

Awesome post - thanks for your experience with this. I too have seen a lot of numbers flying around - and as much as I like them I tend to use more tangible numbers extracted from what I see as company and investor expectations... The warrants listing announced May 31 is for me the most tangible numbers given what is known today.  I have a target price of $14 -$16 currently until we know

[Hiddensecrets]

MEMBER since 9:30am this morning on July 12, 2021????? You better cover your short position cause you are gonna get burnt.  mpo

[jimgeorge]

I'm here to help! When I see posts asking for help I can share my knowledge with people less experienced in the oil industry and the investment business. But I still don't trust Recon because of the shameless self promotion the company pays for.

[Cali61]

Jimmy: You are either a fraud, an incredible narcissist, or you have a mental issue. I guess it could be all of the above as well. You said you were going to stop posting and you couldn't  even stop yourself from doing that. Have you received any positive comments at all? No one here wants your help. If you keep posting we know you are a fraud. Either way get some help. You have serious

[jimgeorge]

People get so emotional!  Just look at the facts I post if you don't like my comments on the self-promoting hustlers.   I said I would post again when I was needed! BTW, why don't you tell the delusional imbecile Hiddensecrets to stop posting? "Rivers of oil!"

[peterj99]

It was a figure of speech My God, man If 6-1 connects to 6-2 and there was conventional oil, what would you call it. Probably an "ocean"

[Cali61]

I'm going to post this every time you post. it is now obvious you are a paid troll for a short: Jimmy, You are either a fraud, an incredible narcissist, or you have a mental issue. I guess it could be all of the above as well. You said you were going to stop posting and you couldn't  even stop yourself from doing that. Have you received any positive comments at all? No one here

[bossofthemoss]

Guess what JIm George, we don't need you to save us from RECO.  Amazingly, I've been managing quite well investing for myself these last 35 years.  Go save yourself.  You must have something better to do that pretend to be helpiong us.  Whew, these chumps are exhausting.  Well, I guess it's what they get paid to do.  What a life - pretending to be someone

[CoreyB]

Do you watch tv at all? Ever notice those things that interrupt your show every 10 minute sor so?  Ever buy anything that you have seen in those little 30-second spots?  Fcuking idiot.

[TeslaPlus1]

so we  shouldnt trust Recon's world class management / geologoical team, we should trust YOU ?  lol 

[TeslaPlus1]

sorry that should have read - "we should trust  you and Frank".  Hilarious.

[jimgeorge]

Of course you shouldn't trust me! Don't trust anyone on these boards. Just listen to people who may have some experience and knowledge and start to QUESTION your undying faith in the "world class" management team that can't get even one reputable oil and gas analyst to follow them. And no, Oilprice.com is not reputable!

[Ryjo1980]

Straight from the horses mouth.

[TeslaPlus1]

haha.  I dont trust you.  So it's settled. Thanks.

[Cali61]

Jimmy: It is now obvious you are a paid troll for a short. You are a fraud and an incredible narcissist, or you have a mental issue. I guess it could be both as well. You said you were going to stop posting and you couldn't even stop yourself from doing that. Have you received any positive comments at all? We don't need you to be our benevolent savior. No one here wants your help. You

[hydrocarbss]

Your magnanimous generosity is overwhelming. Have you ever reached out to RECAF to offer your services? Having one on the team of your caliber would surely elevate the entire team.