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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 > Why I think the Wells are Dusters
View:
Post by Oregonduck on Oct 01, 2021 11:56am

Why I think the Wells are Dusters

RECO hasn’t done a flow test after setting casing. That’s when companies drill a hole in the ground and see how fast the oil comes out.

The Company says they found a live Petroleum System in 6-2 and 6-1 with light oil. No evidence provided on the quality of oil as to its API grade.

The two oil wells are not connected or “talk to each other” with no lateral traps in evidence. The oil could simply migrate away. It is axiomatic that companies drilled into what they initially thought to be a live Petroleum system, but they turned out later to be non-commercial as the oil had migrated away to form any reservoir.

RECO has just completed a “Death Cross” and it is in a downward Channel indicating it could fall to $3.00 level.

IMHO

Comment by ZaPhiCa on Oct 01, 2021 12:35pm
ARE YOU FOR REAL? 
Comment by OneBigCrapShoot on Oct 01, 2021 2:05pm
Reporting you for for spreading pure false lies to the authorities. Good luck with that.
Comment by Oregonduck on Oct 01, 2021 5:11pm
Hey  Dogshit Pumper. In my humble opinion only (IMHO). As full disclosure: I have no long or short position in this stock. 
Comment by Luckboxx on Oct 01, 2021 5:43pm
What is the going rate your masters are paying you for your posts then?
Comment by Seraphim1 on Oct 01, 2021 10:56pm
  if you have no long or short position in this stock then what's your motivation for posting ?
Comment by cyrustg on Oct 02, 2021 3:58pm
He is the same as @maxsay on the CEO.CA#reco board.Could be the same person? Ruined that board with all his posts and he doesn,t have any skin in the game either( says he is neither short or long-no holdigs at all ) but continues to spout off. The only thing to do is put them on Ignore and don,t engage with them . If someone keeps engaging with them and replying to his (their ) ) posts then they ...more  
Comment by ZaPhiCa on Oct 02, 2021 7:18pm
I told you guys long time ago that this dude was a Fake. 
Comment by CammerRec on Oct 01, 2021 8:33pm
This does not make any sense: "spreading pure false lies to the authorities." A lie by its very nature is false. So if it is a false lie it becomes a truth because it is double negtive. From grade school: two negatives become a positive in this context. Also they are "pure"? So they are for "sure"? Thus you really are saying when one disassembles your statements that ...more  
Comment by CammerRec on Oct 01, 2021 8:48pm
"Reporting to the authorities?" Posts on a posting board such as Stockhouse? Seriously? What country are you in? It sounds like China where everything is reported to the "authorities". Now I can't speak for our good Canadien  neighbors and friends but in America we have freedom of speech at least for now.  Ps: Dozens of folks reported the molester monster Dr ...more  
Comment by OneBigCrapShoot on Oct 01, 2021 10:38pm
Read his post,.Materially false statements were made about management and the company.  He has been reported for making such statements that are both categorily false and misleading..
Comment by Bpultra on Oct 01, 2021 3:47pm
Comment by Bpultra on Oct 01, 2021 3:49pm
Comment by Bpultra on Oct 01, 2021 3:51pm
some more good duster info!!!  LOL   https://www.instagram.com/p/CTWcXPWMaa9/?utm_source=ig_web_copy_link
Comment by CammerRec on Oct 01, 2021 8:20pm
I would not be too quick to write Recaf off on the basis of a couple of drillings. We have a huge area that will require more time and investment.  Let is remember Prudhoe Bay in Alaska. Some 80 initial wells were drilled over years that came up dry. Then ka-Chung, ka-Chung they hit it BIG, really BIG! See below from the web: "The Prudhoe Bay Field has more than 800 active oil ...more  
Comment by TurnToTheRight on Oct 01, 2021 10:18pm
@oregonduck, again, these are strat wells, not exploration wells, subsurface and STRATographic information was the goal of these wells, they were not designed to target productive zones and flow test the wells. They are using this information to determine the most appropriate locations to drill and flow test the exploration wells. Your previous post showed your lack of insight into oil and gas ...more  
Comment by headtotoeinthe6 on Oct 02, 2021 4:50pm
The consistent pattern of nay-sayers is to whine and complain about a lack of information (I.e. flow tests, 2d seismic, ... etc.) that RECO simply hasn't acquired YET. It's all in due time and this experienced management team, in my mind, are on track to developing this play  properly vis-a-vis JV partnerships.
Comment by CammerRec on Oct 02, 2021 7:36pm
"In due time" ; agree with head totoe. These things take time and it is a rare event where a gusher is hit quickly.
Comment by blueridge123 on Oct 02, 2021 5:48pm
okyduck or maxasay same paid flea.....
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