Reconnaissance Energy (Africa) Ltd V.RECO

Back down again

[pacer001]

They got some new suckers to buy in and now the gang is cashing out!

[bartno12001]

completely got taken to the dumps today, i will put orders at 1.25 and 1.05 tomorrow and wait for next leg up

[horseplay]

Rats leaving the sinking ship?

[C1v1k6]

Shorts  looking to cover  before the jv announcement I'm assuming 

[Ebenizer3]

no reason to farm-in now,  just sit back and wait for some results. which unfortunately for this rig takes 3 months to drill. so maybe October. Hopefully they find what they are looking for. Good luck to All

[Plus50]

Not sure why it will take 3 months to drill this well. In my days in drilling a well to this depth wouldnt usualy take this long unless there were problems like lost circulation , getting stuck in the hole etc. Maybe because they are doing more testing along the way or drilling over weight to be more than safe . Maybe because of the country they are drilling in which can be a logistical problem

[Ebenizer3]

 6-2   spud 1/11/21.      TD 4/07.    TD 7500 ft 6-1.   spud  5/05/21.     TD 7/14.    TD  9200 ft 8-2.   spud  6/25/22.     TD 8/30.    TD. 6700 ft They have yet come close to drilling 12,500 ft  which is there supposed target depth.  Just saying, might want

[Plus50]

Totally agree with tempering expectations and the comment of continuos drilling program. It surprises me that the stock price is as high as it is as well the recent climb. With no positive results yet. Is it the chance of a big name JV. Just wondering.

[Ebenizer3]

not surprising with all the manipulation, lol. big JV doubt it. That can all change with a significant discovery. As always it's up to the drill bit. Good luck