Reconnaissance Energy (Africa) Ltd V.RECO

CORE DATA - not released (Is it due to poor data?)

[deepoil0808]

The critical core data from the lab is not being released, management is now saying that it belongs to Nambia.   So this data is available but not being released. 

Why would Nambia refuse to release core data?

If data was so bullish, Nambia would want to tell the world as it creates interest and a bidding war for the land and more $$$ coming in,  but if the data is poor they may want to hide it.

I am thinking data is poor. 

[Ebenizer3]

well they're apparently not going to give us that data along with formation pressure or wireline logs, the 6-2 is first piece of the puzzle, which is that there's evidence of migrated hydrocarbons and oil and gas shows. And that's what the predominant message from the CEO if u actually read it. On too the 6-1 and seismic. What are we looking to hear? The word Discovery, along with x

[deepoil0808]

The core lab data from third parties was critical as it would have independent verification.    The company promised the release of this third party independently verified core lab data in July and now it is hidden from us under the pretext that the data belongs to Nambia. Why would Nambia hold back  great results if they are the main beneficiary?   Great data would

[Ebenizer3]

Wrong, Major's are waiting to hear that there's a Discovery!!! Plain and simple, than they'll have to pay to see the rest.

[Yolostar]

although the company cares about its investors, they care just as much about leverage in JV and farmout negotiations....and avoiding the potential of a hostile takeover....

[CoreyB]

deepoil0808   Member Since: August 08, 2021

[teheran10]

YOU are a total I...T. CORE DATA BELONGS TO THE GVNMT of Namibia. 

[deepoil0808]

https://oilprice.com/Interviews/Meet-The-Man-Behind-The-Worlds-Most-Exciting-Oil-Play.html This is the June 25 2021 response Steinke gave on the pending core lab results promised to investors: CS (STEINKE): Given ReconAfrica holds the rights to the entire sedimentary basin, there’s no question positive results with this data is going to precipitate much industry and investor

[Ebenizer3]

yep and the sp is taking a beating because of that data not being released at this time. Have to believe at the time CS knew what those results were. Only Management can explain. On to the 6-1 and seismic. Good day