PENDING NEWS: next week (confirmed by RECO) 6-2 Well Update
The release of additional information on the 6-2 well (the first test well) is expected to be provided in the next week following submittal and acceptance of all data to the Namibian government in accordance with the Namibian Petroleum Law. Appropriate information will be released with the approval of relevant government agencies. All data obtained from the Company's exploration activities is the property of the state of Namibia, consistent with the terms of our exploration licence and with practices in most international producing oil and gas jurisdictions. Oil and gas data is held proprietary for five years under the terms of Namibian Petroleum Law, which is also common international practice.
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I like the fact that the information is first being reviewed by the Nambia government before being released. RECO will have independent verification of the information. What better confirmation can you get than the government having checked the information beforehand and giving you their stamp of approval.
mpo