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.

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 16, 2021 7:24pm
805 Views
Post# 33015834

RE:RE:RE:RE:Frank where u at?

RE:RE:RE:RE:Frank where u at?A couple things really stood out: 1. 200m of potential pay over 3 zones, that's big, but now they need to determine the commercial viability of producing over that interval.
2. The light oil is interesting, and I wonder just how light. Are we still talking crude, or are we into the condensate range?
3. "The intervals penetrated include highly porous, permeable sediments and marine source rocks as predicted, and an extensive marine carbonate lithofacies" It's the carbonate that kinda piqued my interest - almost sounded like they were a little surprised. Carbonates can make great reservoirs, not just sedimentary formations, and I would be interested if this was a net good, or a bit of a bad surprise. Time will tell, and I wonder how much info will be released when they start digging into the specifics of what they found.

Any geos on here want to comment, Nameofthegame (pet eng)? 
<< Previous
Bullboard Posts
Next >>