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).

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Reconnaissance Energy (Africa) Ltd > Realistic? Unrealistic? Do numbers lie?

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Comment by ubiquitousmanon Feb 04, 2021 10:55am

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Post# 32470089

RE:RE:Realistic? Unrealistic? Do numbers lie?

Actually in a "tight shale" play or "unconventional" recoveries of 5% of OOIP would be expected.
I think this is what they are expecting, an unconventional resource play. A conventional type target depending on the perm and porosity could have a recovery factor of 15 to 25% of OOIP. Obviously it would be great to find a conventional reservoir or two. Conventional type field would be much faster and quicker to get produciing. If they end up with an unconventional resource the costs to develop are much higher and it would take a lot longer. Just my opinions.

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