Reconnaissance Energy (Africa) Ltd V.RECO

Facts Or No Facts

[bonjovi501]

Mr Market says RECO is not worth their market cap as the sell off continues. Should be interesting if we end the week down further. Not selling as bought cheap and feel this is a $25 stock down the road.

[Ebenizer3]

the one catalyst that's hanging there is flow testing, seems between now and seismic is done is flow testing the 6-1 and 6-2. Guessing management won't tell when. Maybe turntotheright and jimgeorge or anyone else have an opinion on the timing of flowtest.

[jimgeorge]

In order to run a production test you need a "pay" zone on the wireline logs - a porous interval with high resistivity indicating a high hydrocarbon saturation.  They haven't said anything about the wireline logs, I keep saying that will be the most important news to come. I'm going to speculate now - I believe they have encountered sedimentary rock, some of it porous

[Ebenizer3]

thanks, they definitely have wireline logs along with pressures, and will have to see what happens next. Good day

[teheran10]

This is NOT Mr. Market, this is a pure manipulation of the SP. Low volume and trading between accounts are signs of this fact. I bought at 7.35 today a bunch to add to my huge position already.