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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 TurnToTheRighton Apr 07, 2021 10:45am
250 Views
Post# 32948916

RE:RE:Well

RE:RE:WellI have to agree with RHertig, the release simply said that the cores and other formation info was taken and that the well has reached designed TD. There was no mention of a commercial hydrocarbon system, there are no numbers (which takes extreme analysis of the data) so we have no idea what they did find. It's all speculation at this point.

But to your point therager, you better have a petroleum geologist on payroll prior to drilling any well, otherwise who determines the subsurface tagets of any well trajectory (given this is a vertical well). Credentials like Mr. Anderson's is very beneficial, but not extremely rare, I personally know a couple geologists who have MBA's, and any geologist who works directly with exploitation and development engineers are exposed to petroleum economics.

I like the fact that PR was issued to let us know well #1 complete, but other than that, I struggle to see any other objective information indicating petroleum findings.
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