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 > multi well drilling in Q1 2022

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Post by peterj99on Oct 25, 2021 11:43am

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Post# 34045219

multi well drilling in Q1 2022

My opinion:

They mentioned a multi well drilling program for early Q1 2022

They will target traps and conventional reservoirs encountered in their stratigraphic wells.

I never use the word multi to describe 2
If I mean 2, I say 2.
To me, multi means many.

How you would drill multi wells (by my definition) with one drill is beyond me.
They should get a few more drills on site ASAP
I wish they would get a better sense of urgency.
The higher the share price, the less dilution required to raise money.