Enterprise Products Partners L.P. (NYSE: EPD).
It’s exciting for two reasons. First, there’s no more potentially lucrative risk-reward setup than a small-cap sitting on a high-risk exploration play. Plays like this that succeeded have netted some investors 1,000-4,000% gains in the past. And this play is in Africa, where we’ve seen it happen before:
Tanganyaika Oil netted investors up to 4,000% gains
Centurion Energy International netted investors over 1,200% gains.
And those gains were for plays that might in the end pale in comparison to the potential of RECO’s 8.5-million-acre Kavango basin in Namibia and Botswana. RECO’s land package is far bigger and far more consequential, with well-known geoscientists in the industry backing what they think could end up being 120 billion barrels of oil in place.
rocks, formed during the Permian geological period. It’s a 250-mile-wide, 300-mile-long sedimentary basin housing the Midland Basin, the Delaware Basin, and the Central Basin Platform across West Texas and Southeast New Mexico.
It’s produced 28.9 billion barrels of oil and 75 trillion cubic feet of gas, with no sign of letting up. As of the time of writing, the Permian basin is producing over 4 million barrels per day.
And … it’s analogous to Kavango, the next potentially huge conventional oil discovery that we’re about to find out about in a matter of months.
A 2021 Oil Frenzy Can Only Happen in Africa
The World s Next Great Onshore Oil Discovery Could Be Here
FN Media Group Presents Oilprice.com Market Commentary
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LONDON, Jan. 22, 2021 /PRNewswire/ A three-well drill campaign has just been launched by a small-cap explorer in a massive Permian basin that could end up being the next major conventional onshore oil discovery in the world. And everyone s watching as many names in the oil industry and resource assessment gather around Reconnaissance Energy (RECO; RECAF). Mentioned in today s commentary includes:
Exxon Mobil Corporation (NYSE: XOM),
Eni S.p.A. (NYSE: E),
Halliburton Company (NYSE: HAL),
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