Reconnaissance Energy Africa Ltd (RECAF)

[couldbebetter]

Doubt it. My guess is just excitement over the hiring of drilling hands.
Hope RECAF begins drilling in May as has been suggested. Then,
when the stock moves posters will speculate what was found. My
belief remains that if and/or when an oil discovery is made, the
speculation on how large of a find it might be begins. My speculation
is that should it be "known" that commercial oil reserves are very
likely over a billion barrels that is when a super-major will make an
offer. (The logic will be that a SM could get to higher production
levels faster if they owned it.) So I think before the stock has a
chance to hit $20 the BO offer will be made. In other words, a SM
does not want to wait to find the upside number (120 Billion barrels?)
A SM will want to know if there is enough there to justify a BO
and they will find the actual upside later. Just my opinion.