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Bullboard - Stock Discussion Forum 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... see more

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > I do plan on a chump change spec bet
View:
Post by pennyoilking on Oct 10, 2020 6:48pm

I do plan on a chump change spec bet

That makes very little sense! So no seismic unit after the three wells are drilled?
Comment by Ebenizer3 on Oct 10, 2020 7:48pm
https://www.newswire.ca/news-releases/kavango-basin-operations-update-817486097.html
Comment by Elephants on Oct 11, 2020 1:58am
If you read the PR from  Ebenizer3  it should make sense. They are concurrent operations. It's proving a virgin'ish basin not trying to find a producing field at this stage.
Comment by Goaweigh on Oct 11, 2020 10:59am
But just so I understand this, although the primary purpose of these wells is to examine the stratigraphy of the rock and indentifying oil baring rock if any this rig is capable of bringing oil to surface I presume.
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