I agree. Right now Recaf share price has not much to do with oil but more to do with over bought and over sold charts.
I watched this starting at 8.50. I kept my noemitions in check and The lowest I saw was 3.70…Someone on Stocktwits said it’s going low 3’s.
This 2-d news release was a fight back to the lawsuits and shorts. Very smart move in my opinion
I don’t see any solid info though other than the “traps” and “target rich environment” surrounded by geological vocabulary I really don’t think many people comprehend.
That’s just CEO penny stock fluff to me. I’m not looking to debate anyone on that.
I am I’m total agreement, THERE IS OIL! Although, Nobody knows quantity and quality yet.
Uganda was a big let down. Quantity and Timeline.
Recaf has 4 years left to really prove what’s is in the huge basin. One 2-D isn’t the end in my opinion. Prepare for more drilling. With all respect to Geodan, I think a 3-D is a no brainer. Especially with 4 years, plenty of time left on the play clock.
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