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

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TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > Drilling of the first hole should be done by now.

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Post by AUborealis on Feb 24, 2021 4:07pm

Drilling of the first hole should be done by now.

43 days @ 300ft/day =13,000 ft. of a planned 12,500 ft.

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Comment by FastIroc on Feb 24, 2021 5:24pm

Yeah, but we still have to wait till april for results right ? or sooner ?

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Comment by Ca01an on Feb 24, 2021 6:00pm

Will almost certainly be later than April as they have said they want to wait until the three wells are drilled before releasing results and the drilling will probably not be finished by April

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Comment by AUborealis on Feb 25, 2021 12:52am

True enough. There's also the time needed to move the rig between locations to be factored in to the equation. And, prior to moving, time required to run all tests. And I believe the set-up for the third hole location will involve analysis of the newly acquired seismic to assist the precise spot of the drill. Lots of data being gathered while we wait. Would be interesting to actually see ...more

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Reconnaissance Energy (Africa) Ltd