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Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF

Energy Metals & Mining Oil & Gas E&P Industrial Metals & Minerals
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 > rystad energy ...
View:
Post by Frank007 on Mar 08, 2021 10:45am

rystad energy ...

check out its report on the  sucsess rate of these wildcat wells .....in all of 2020 ..... a meer  10.6 %  sucsess rate ....wow what are the odds.....
Comment by Fuqufrank on Mar 08, 2021 11:18am
10.6 success rate for a potential x20-x30 (if you bought at 1) is amazing. But I suspect, as with all your posts this is simply  FAKE NEWS The success rate is 99.999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999
Comment by Goaweigh on Mar 08, 2021 11:56am
I'm surprised it's that high but knowing that makes this play all the better.     
Comment by GorgeousGeorge1 on Mar 08, 2021 12:05pm
That's the chance of 'commercial success' too. Chance of 'geological success' is much higher. RECO just need to get a sniff of hydrocarbons and it will make the whole basin interesting for further exploration
Reconnaissance Energy (Africa) Ltd
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