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In it to Win it

Is ReconAfrica a buy, or a gamble?

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Speculative oil and gas investments

  • Rick rates Reconnaissance Energy, not Northern Oil and Gas
  • Reconnaissance rated four, highly speculative
  • Speculation not for college funds
  • Portfolio of small exploration companies
  • 35-40% loss per name possible
  • 10-20x gains possible on 1 name
  • Offshore exploration with 3D seismic
  • 1 in 3-4 chance of commercial discovery
  • Aggregate arithmetic attractive

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