Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (6.3 million acres) and 8,990 km2 (2.2 million acres) in Botswana. The two licenses together comprise 34,325 sq km (8.5 million acres). Its conventional drilling program is focused on analyzing the rocks to determine if there is a working petroleum system in the Kavango Basin.


TSXV:RECO - Post by User

Comment by NameOfTheGameon Dec 18, 2020 1:41am
274 Views
Post# 32137914

RE:RE:Economic Viability of Kavango Project

RE:RE:Economic Viability of Kavango Project

Respectively, the OP statement is nonsense. Horizontally drilled wells by their very nature have greater inflow production then vertical wells. Yes they cost more, but those costs have reduced over time and are usually offset by drastically higher production rates over the economic life of the well.

Again, not enough information for any of us to have anything more than "objectively high hopes".Don't let pumpers manipulate you, don't let shorters scare you. This is a promising investment but we need physical samples, seismic, and further investigation of the basin to prove this as the next great frontier. If people can't handle that then get out of penny stocks.

<< Previous
Bullboard Posts
Next >>