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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 TurnToTheRighton Apr 07, 2021 10:45am
262 Views
Post# 32948916

RE:RE:Well

RE:RE:WellI have to agree with RHertig, the release simply said that the cores and other formation info was taken and that the well has reached designed TD. There was no mention of a commercial hydrocarbon system, there are no numbers (which takes extreme analysis of the data) so we have no idea what they did find. It's all speculation at this point.

But to your point therager, you better have a petroleum geologist on payroll prior to drilling any well, otherwise who determines the subsurface tagets of any well trajectory (given this is a vertical well). Credentials like Mr. Anderson's is very beneficial, but not extremely rare, I personally know a couple geologists who have MBA's, and any geologist who works directly with exploitation and development engineers are exposed to petroleum economics.

I like the fact that PR was issued to let us know well #1 complete, but other than that, I struggle to see any other objective information indicating petroleum findings.
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