Reconnaissance Energy (Africa) Ltd V.RECO

Drilling

[BulletProof]

Does anyone know if they are working 2 shift or only one on the drill rig? If only one shift they should be drilling about 300 feet per shift that means they must just above or hitting the top of the basin.

[Chas15]

It's probably safe to say they are running 2 x 12 hour shifts. 

[wedgeman]

Don't know much about drlling and all that..how long before we can see the first results ?

[Chas15]

Company has said after the third well, so could be 6 months. 

[Ca01an]

They have been saying for months now that they expect to release results by the end of Q1 so hopefully around April 

[C6J6Dub6U]

this isn't my first rodeo. 95% of the time the news leaks before ANY company releases ANYTHING. Africa skipped traditional phones and went straight to cellular. *mostly* Therefore everyone has a cellular device, as well as lots of cellular reception everywhere I am told. *I know he said she said hearsay* The plan of Reconnaissance is to TRY to hold results until all three wells are dug.*see

[wedgeman]

So they might as well be done and no one knows about it ?

[caliche]

results will be coming in as soon as they hit the source rocks.. probably already seen what they are looking for.. it will not be kept tight.. if i had 500k shares id hire a kid to sit outside the fence and smell, just imagine what shell or chevron will do my guess is there will be some gut wrenching moves up and down in this name.. stakes this big mean big big players will be involved and they

[ubiquitousman]

Billions, maybe,in time. Trillions? Give me a break. If this turns out to be a tight shale play, I don't think you have a clue as to how long this will take to prove up. The hope is they find some big conventional trap type accumulation. As I said in a previous post, since they compare this basin to the Permian, just give me another Yates field to get the ball rolling.

[Strod]

So this is the guy that sold out coz of a $0.50 move against him and then bought higher and whinged about it here, and then this is the same guys that claims he is holding into the $ hundreds!! Then this is the guy that makes up numbers to self reinforce his decisions and then this is the guy that says it is not his first rodeo!! Give me a break!! This is more likely worth trillions than this not