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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 jimgeorgeon Aug 13, 2021 11:33am
226 Views
Post# 33700738

RE:RE:Facts Or No Facts

RE:RE:Facts Or No FactsIn order to run a production test you need a "pay" zone on the wireline logs - a porous interval with high resistivity indicating a high hydrocarbon saturation.  They haven't said anything about the wireline logs, I keep saying that will be the most important news to come.

I'm going to speculate now - I believe they have encountered sedimentary rock, some of it porous reservoir rock, with some oil shows. (This would be a big win for the first two strat wells in a new basin).  I don't believe they have any pay zones on the logs, or they would have said so. Therefore I don't expect to see a production test.

next step is acquiring and interpreting seismic to see if there may be a trap involving the porous sections, that will definitely take until October. Hang in there!
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