Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): V.RECO.W.A | RECWF | 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 > One well took 3 months

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Comment by Buyhigheatchipson Apr 09, 2021 7:45am

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Post# 32965172

RE:One well took 3 months

Questions for experts:

Does speed of drilling tell us anything about what we were drilling through? Sand vs shale for example?

And what do the core analysts know right now from what they've seen?

Thanks!

AUborealis wrote:

From Jan.10 - end Apr., 2021 (rig move and setup)

JANUARY 10, 2021

Drilling Operations Commence on First Well (6-2)

Therefore ~12-14 weeks to TD of Second Well

Still time left to trade/accumulate/trade...rinse/repeat.

"It's not timing OF the market...it's time IN the market'

'All good things come to those that...'