1.) It is in an area of the African continent with geology that should have abundant good quality oil like its immediate neighbor to the north Angola. Also an estimated 11 billion of barrels have already been found off of Namibia’s shore.
2.) The survey and testing by very reputable established organizations so far indicate this.
3.) It has a seasoned, experienced, highly competent management and technical team.
4.) It is a “contrary” play doing on shore exploration where most exploration/development recently is off shore. Thus with greater area/risk; greater reward.
5.) By African standards it is in a fairly friendly, safe, pro-development country, Namibia,with great local, tribal, and national government support.
6.) It’s buyout potential is great and current stock price currently low. It Recaf-110621
Why I own Recaf:
1.) It is in an area of the African continent with geology that should have abundant good quality oil like its immediate neighbor to the north Angola. Also an estimated 11 billion of barrels have already been found off of Namibia’s shore.
2.) The survey and testing by very reputable established organizations so far indicate this.
3.) It has a seasoned, experienced, highly competent management and technical team.
4.) It is a “contrary” play doing on shore exploration where most exploration/development recently is off shore. Thus with greater area/risk; greater reward.
5.) By African standards it is in a fairly friendly, safe, pro-development country, Namibia,with great local, tribal, and national government support.
6.) It’s buyout potential is great and current stock price currently low. It could easily go for double or triple the current price sooner than later. than later.