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Bullboard - Stock Discussion Forum 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... see more

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > Latest Corporate News Bulletin
View:
Post by jwa444 on Apr 07, 2021 11:51am

Latest Corporate News Bulletin

The most important part of this update may be the hiring of Diana McQueen.  Check out her political resume.  Just a few years ago, she was the Minister of Energy for Alberta, among other posts.  Recon knows what the cores are showing, and she would not have come on board without asking a lot of specific questions regarding what they know so far.  
The Ministry of Environment and Water (Alberta) was created to consolidate the Ministry of Environment & Water and the Ministry of Sustainable Resource Development announced on May 8, 2012.[2] In December 2013, she was moved from the environment portfolio and became Minister of Energy. When Jim Prentice became premier in September 2014, McQueen was appointed Minister of Municipal Affairs; in March 2015 she was given the additional responsibility of being in charge of the province's response to climate change.
Comment by Gutinstincts55 on Apr 07, 2021 12:48pm
Diana McQueen  This was a tremendous add for the company.  Look at her resume & you can put together the pieces of what her role will be.  She is a perfect counter to environmental pushback, as well as earning a social license within Namibia.  She sat on the board of Waternext, a company dedicated to solving global water shortages.  Before that her roles within the ...more  
Comment by Chihuahua on Apr 07, 2021 1:54pm
I like Ms. Mcqueen as an addition to the team. It may be that initial observations of core sampling is leaning towards low porosity tight shale source rock. We may have to frack and she could help navigate what areas are safe for an unconventional discovery. We obviously cannot frack everywhere within our acreages. A little fracking here and there may be doable if we keep striking out looking for ...more  
Comment by gasoholic on Apr 07, 2021 6:49pm
Fraccing may not be easy. Looking at the map there is very little green anywhere near. The Cubango River has a flow which varies seasonally from 350 to 1000 m3 per hour. A horizontal frac requires 10,000 m3 or more per well, an old style verticle frac considerably less. The Cubanfo flow is so low it doesn't even reach the ocean and ends evaporating in an elluvial swamp. So not impossible but ...more  
Comment by peterj99 on Apr 08, 2021 12:49am
I doubt high caliber people would risk their reputations for a few months work.
Comment by gasoholic on Apr 08, 2021 11:14am
It wouldn't be a few months of work, it would be a 6 figure lump sum. And then a generous salary if required, the upper echelon doesn't get renumerated like the masses.
Comment by simon19 on Apr 08, 2021 8:50pm
It's remunerated with an "m" Just sayin'
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