Reconnaissance Energy (Africa) Ltd V.RECO

The flip flop side....

[Wynjoe]

Environmental factors equals DOOM. Whether its David Attenborough's cult like following or Greenpeace militia or even Suzuki's tree huggers,when you get the Greta Thunbergs of this world protecting an ecological anomaly like the kalahari desert your facing an uphill struggle. With this recent ecc challenge there will be ZERO probability that any pipelines ,roads or infrastructure will be approved in Namibia,and any and all permits will have to be in place before "big oil" would even consider buying reco.I will be surprised if drilling wont be shut down immediately and with lawsuits and court actions pending reco is a MAJOR SELL. Multi millions of shares were issued recently for pennies and sellers will line up and flood the market with these shares upon an s/p crash.The 40 million dollars on hand,(last equity offering),wont last long when you have to fight off environmentalists as will as pay for lawyers to fight court actions,and third parties who don't agree that your government followed protocol.SELL BEFORE THE CRASH!!! Remember when an environmentalist hugs a Rhino or kisses a baby leopard kitten OIL WILL LOSE. Morningstar has gone from 5 stars to 3 and a value of $14.00 to less then last equity offering in under 3 months...SELL NOW!!!!

[pacer001]

Wynjoe, "SELL BEFORE THE CRASH!!!"? You have been swimming around the Kool-Aid pond with Mr. Duck way too long! First of all Namibia, and most African countries, are not run by wishy-washy radical environmentalists but rather by governments that understand oil and energy development is critical to not only their survival but their prosperity as well. And Namibia in particular. The

[Wynjoe]

Rwanda and Uganda allow gorillas to eat their own crops to encourage tourism. Namibia oil developers don't stand a chance when environmental groups sink their teeth into the Kalahari desert and the protection of the countless endangered species and animals located there. Big oil will never be interested in reco before pipeline and/or road infrastructure is completed and this will NEVER HAPPEN!

[pacer001]

Seriously there Mr. Wynjoe, what are you smoking? You must be swimming in the same polluted pond as Mr. Duck! Now as to "Rwanda and Uganda allow gorillas to eat their own crops to encourage tourism." what does this have to do with Namibia? Different countries entirely! And would you seriously want to confront a HUNGRY guerilla and stop it from feeding. I think not!  Now these

[cashworx22]

This post has been removed in accordance with Community Policy