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Reconnaissance Energy (Africa) Ltd V.RECO

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

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 TurnToTheRighton Mar 17, 2021 4:47pm
446 Views
Post# 32819175

RE:RE:RE:RE:RE:RE:RE:RE:Silence from RECO

RE:RE:RE:RE:RE:RE:RE:RE:Silence from RECOThis well was designed and drilled to answer very specific questions regarding the geology and the reservoir. On the first well, they took side wall cores and conventional cores which will tell them, among other things, porosity (the volume of the holes in the rock filled with hydrocarbons) and permiability (how easily the hydrocarbons move when there is a pressure gradient) of the core samples. They also logged the well which should tell them more information on characteristics like gas, water, and oil content of various formations, or taken FMI (Formation micro imager) logs to determine other characteristics of the rock. They take all this data and apply it to siesmic and other field data to extrapolate the economics and producibility of the reservoir. Likely, RECO will then put a plan together on how to design a driling and completion program to test productivity of various wells. From this well they should get a ton of information, it just needs to be analyzed, and a path forward refined for what RECO is going to do next.

Eventually they will drill a well with the prospect of conducting a flow test to see production capacity/capabilities, but to do that you need more information on HOW and WHERE to drill a well to give a fair indication of productibility (that's more in the appraisal stage of asset develpoment) - this well wasn't designed for that.

Any reservoir/exploitation or production engineers, please feel free to correct me or add anything, this is just from my personal experience. 
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