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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.


TSXV:RECO - Post by User

Post by Moneycaton Aug 04, 2021 3:36pm
421 Views
Post# 33649513

One more question for Turntotheright

One more question for TurntotherightI am trying to go over all scenarios.  If the 2 wells are way too tight or are dusters would I be correct in saying they would not keep spending money on the seismic.  We know Namibia has said they will not allow fracking.....so if the rock is too tight wouldnt it be a waste of money to continue with seismic ??  Or can rock change in a short distance away ??

If Rock does not change for quite a distance the fact that they are continuing with Seismic after knowing results ( that will be released after NAMCOR oks it) makes me believe this will be positive hugely :)
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