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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 Botswana over the Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (km2) (6.3 million acres) of oil and/or gas exploration properties comprising Blocks 1719, 1720, 1721, 1819, 1820 and 1821 situated in the Kavango Basin of northeast Namibia (the Namibia Licensed Property) and approximately 7,592 km2 (1.88 million acres) in Botswana (the Botswana Licensed Property). The two licenses together comprise over 32,933 km2 (8 million acres).


TSXV:RECO - Post by User

Comment by rockgolemon Jan 10, 2021 1:25pm
408 Views
Post# 32263439

RE:drill schedule and consultant review of core samples

RE:drill schedule and consultant review of core samples I'm not the industry expert you seek, but I'll give you my guesses. 

The core samples should be analysed, if not at site, at least at a warehouse in the region. Maybe some select portion of the cores will be flown out to a lab for chemical analysis. 

Assuming a competent drill team and fairly compliant sedimentary rock they could manage several hundred feet a day once the drilling has commenced. There is probably only a kilometre or so of cover. Therefore, they could be visually inspecting shale as early as next week. We may have the first signs that the thesis is being confirmed very soon. 

They are working with the Univsity of Namibia and the Namibian Government quite closely. It is safe to assume that they will share the seismic data with them. 

Since they have sufficent expertise within the company for the geochemistry, they may not need outside consultants until the summer. Probably Sproule will be recomissioned to update the economic study then. 


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