Reconnaissance Energy (Africa) Ltd V.RECO

Trading

[fredo1]

Starting to rebuild position at $1.2 billion market cap. Totally arbitrary but down 50% off high seems like a good place to start. Many months til significant news.

[teheran10]

You nerlver know what might be announced next week. 

[NFKRS17]

Yes, my thoughts exactly. We know for sure that there is oil.  The only thing left is to prove that it is commercial.  With the sequence of events coming up, it is impossible to see how we don't get it to be proved commercial.  Steinke says 6 months if we are lucky, 12 months if unlucky...but that is lawyer speak...underpromising and eventually over delivering. Next up is

[NFKRS17]

I forgot to mention joint venture partnerships.  Whether they happen right after the seismic is processed or after the next well is drilled...I don't know.  But industry professionals would definitely pay attention to what CoreLabs and Horizon have been saying.  Who would not want to partner up in onshore Namibia, with a virgin basin? 

[juniorbullalive]

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