Reconnaissance Energy Africa Ltd (RECAF)

[couldbebetter]

At this stage it is impossible to predict when meaningful news
will be released. Obviously, having a commercial oil discovery
would be the most important. My hope is that whatever info is
gleaned from seismic and other methods not only leads RECAF
into drilling at the best locations but also result in that info enticing
several JV partners to get active with drilling. My strategy for
playing this is to keep my current position and not sell until it
hits at least $5.00. Also, I will buy more if by some bizarre chance
the share price goes to the low $.80's. Good to see the recent
moves higher!