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Strategies & Market Trends : Natural Resource Stocks
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To: isopatch who wrote (99853)6/24/2021 10:07:48 PM
From: Cyrus2 Recommendations

Recommended By
pak73
sixty2nds

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The RECAF stock is getting interesting, today they announced almost double the possible pay zone on their initial well up to 1100 ft of pay zone which is insane. Highly speculative of course but they have found oil and gas shows in the second well 16 km away. I was doing some research as I am amazed this potential kind of field inland could still be out there. Turns out 120 million years ago this area was adjacent to the big offshore fields in Brazil, although the rocks the petroleum could potentially be trapped in are older than that (permian) it displays to me that it was in the right area at the right time. A sleuthy Geologist would have a hay day with this.
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