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.

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Reconnaissance Energy (Africa) Ltd > Why I think the Wells are Dusters

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Comment by Bpultraon Oct 01, 2021 3:51pm

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Post# 33953783

RE:Why I think the Wells are Dusters

some more good duster info!!! LOL
https://www.instagram.com/p/CTWcXPWMaa9/?utm_source=ig_web_copy_link

Oregonduck wrote:
RECO hasn’t done a flow test after setting casing. That’s when companies drill a hole in the ground and see how fast the oil comes out.

The Company says they found a live Petroleum System in 6-2 and 6-1 with light oil. No evidence provided on the quality of oil as to its API grade.

The two oil wells are not connected or “talk to each other” with no lateral traps in evidence. The oil could simply migrate away. It is axiomatic that companies drilled into what they initially thought to be a live Petroleum system, but they turned out later to be non-commercial as the oil had migrated away to form any reservoir.

RECO has just completed a “Death Cross” and it is in a downward Channel indicating it could fall to $3.00 level.

IMHO