Reconnaissance Energy Africa Ltd (RECAF)

[couldbebetter]

Sure, anything is possible but suggesting a $10 billion market cap is
unrealistic. Compare RECAF to APA which has a solid operation in
Egypt ( very good oil production there,) plus Alpine High in the US,
then a massive offshore oil discovery. Throw in some North Sea oil
production and the total market cap is around $14 billion.

One reason I believe a BO is likely is that the governments who
control this will want to see tax revenues happen sooner rather
than later. The governments cannot be happy with all the delays.
At some point, should it become apparent that there is a massive
oil discover here, the government wll very quickly want a super-
major to develop it as it is the quickest road to tax revenues.