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Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | V.RECO.WT | RCNWF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest... see more

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > Would love some insight
View:
Post by Moneycat on Aug 05, 2021 10:52am

Would love some insight

from Turntotheright or even George....anyone with Oil knowledge.   TIA
Comment by Ebenizer3 on Aug 05, 2021 11:26am
its a bad joke, ur only hope is that seismic finds a target. Embarrassing 3 month drill only 7500ft. didn't come close to the resource rock. didn't give any core analysis guessing also embarrassing. Only hope is seismic and it won't be till 2022 . What a joke. Good luck to all
Comment by TurnToTheRight on Aug 05, 2021 12:03pm
Firstly, this release is absolute fluff, and just my speculation, but perhaps RECO should have waited to release tangible info instead of this. The released information is from the MUD logs, not the WIRELINE logs. Mud logs are quick and dirty and really don't provide any real qualitative or quantitative data, but simply an indication of what's down hole. It's the wireline logs that ...more  
Comment by Bpultra on Aug 05, 2021 12:10pm
============== 100% correct.... thanks for the very well thought out review... 
Comment by jimgeorge on Aug 05, 2021 5:10pm
"even George" here...I agree with Turn, pure fluff. What we're looking for is actual sample descriptions with downhole lithology, mineralogy and porosity indications. We have only mud logs suggesting these things. Also, for a producible zone you want to see live oil shows, indicated by pale yellow fluorescence and a streaming cut. Most of the oil shows appear to be dead oil, but it ...more  
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