Reconnaissance Energy (Africa) Ltd V.RECO

Great time to revisit RECO COO’s 2020 presentation (YouTub)

[headtotoeinthe6]

For those wanting to get right to the portion about valuations, talk of the per acre values over the various stages, begins at 14:46 mark in video.

There are 4 stages mentioned:
1)  Trends ($40/acre) 
2) Undeveloped ($850/acre)
3) Appraisal ($4,000/acre)
4) Production ($20,000/acre)

My big questions to anyone with O&G production experience is when might be the earliest that we reach the final stage, “production”? Q2/Q3/Q4 2022? Possibly sooner?  

Secondly, how long are negotions with majors expected to last? Do these move fast in-lieu of an urgency to start production, or might they drag out and announcements only made at the end of 2022 or later?

https://m.youtube.com/watch?v=jyS59jgMgiU

[TurnToTheRight]

When they are referencing "production" they are referring to the production stage of asset development, and not production as in oil and gas coming out of the well and heading to market. I would venture a guess that we will be driling exploration wells, really delineating the play and determining tiered driling locations (tier 1 is top priority wells, tier 2, good but not the best, tier

[Matteo1234]

The well sample log of the 6-2 provides over 200 meters (over 660 feet) of oil and natural gas indicators/shows over three discrete intervals in a stacked sequence of reservoir and source rock. Extraction of oil from these samples and subsequent fingerprinting for key characteristics of the liquids, supports an active petroleum system with multiple source intervals. Dan Jarvie , petroleum

[TurnToTheRight]

@Matteo1234 - what were you trying to get at with the quote from the press release, I may be missing something?

[GoldenEra]

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[Ca01an]

You must be trolling here with this oldgold nonsense, no other explanation