Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): RECAF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the opening of Kavango Sedimentary Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. It holds 90% interest in a petroleum exploration license in northeast Namibia and a 100% interest in petroleum exploration rights in northwest Botswana over the entire Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (6.3 million acres) and 8,990 km2 (2.2 million acres) in Botswana. The two licenses together comprise 34,325 sq km (8.5 million acres). Its conventional drilling program is focused on analyzing the rocks to determine if there is a working petroleum system in the Kavango Basin.

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Reconnaissance Energy (Africa) Ltd > Drilling of the first hole should be done by now.

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Comment by AUborealison Feb 25, 2021 12:52am

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Post# 32655379

RE:RE:RE:Drilling of the first hole should be done by now.

True enough.

There's also the time needed to move the rig between locations to be factored in to the equation.

And, prior to moving, time required to run all tests.

And I believe the set-up for the third hole location will involve analysis of the newly acquired seismic to assist the precise spot of the drill.

Lots of data being gathered while we wait.

Would be interesting to actually see the 'body language' of management and employees around the breakfast table these days, and how 'animated' the conversations.

Here's what I expect the homes and offices of RECO and RECO investors to look like when the Company makes it's massive News Release;

Starts at 20 sec. mark

https://youtu.be/3jkc5H75qaA

In the meantime, about 17 weeks of 'terror', not 7 minutes.

GLTA

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