Reconnaissance Energy (Africa) Ltd V.RECO

Well Info?

[geomanx02]

Don't expect any well information to be released soon.  Recaf has classified the #8-2 well as a stratagraphic test which means management is under no obligation to release well data.

Do not recall them doing so for the initial two wells.

Maybe after completion of the 4 well program or a potential blowout (hate when this happens), recaf will release well data, but again there is nothing to encourage them to do so....

It's gonna be a long dry (info wise) winter for shareholders

[jimgeorge]

Recon has no obligation to release any well results, regardless of their classification of the well.  Government Energy regulators (like the EUB in Alberta) are the entities in charge of allowing wells to be held confidential, or being forced to be released.  The EUB allows wells to be held confidential for various lengths of time, depending on their classification.  I don't

[RawSienna]

From poster Jan on yahoo "In respect of corporate announcements of any sort, shareholders would be wise to review the Company's 18-page Disclosure Police in the Corporate Governance section on their website and, as I was helpfully reminded by another poster several months ago, RA cannot make any announcements without the permission of the Office of the Petroleum Commissioner of the

[pacer001]

So Raw, IF they did hit a "gusher" big time they could not release that news?

[jimgeorge]

Agreements like Recon has with Namibian government will specifically allow announcements when required by law.  Recon would not be able to sign an agreement that circumvents securities laws.  If they have material news, they must disclose it.  Period.  They may try to not disclose it, but that would be in contravention of the securities laws.... Most likely they do not have

[RawSienna]

Yes, just a repost from a different forum but I have seen it as well but have no idea if their laws supercede other laws. I have read some SEC stuff but most of it is beyond my comprehension.

[Yo_Dog]

RECO will need money and they will, IMO, have to release the data. 

[Timberdoodle]

Unless a world class partner already present in the sector finds a plot that they like following data room seduction plan. In my opinion that kind of arrangement would bring water to the mill (sort of speak) and allow RA & or partners to move toward a significant finding.  The whole plan is about structuring & implementing solid bases futhuremore ensuring sustainibility