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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 16, 2021 7:24pm
818 Views
Post# 33015834

RE:RE:RE:RE:Frank where u at?

RE:RE:RE:RE:Frank where u at?A couple things really stood out: 1. 200m of potential pay over 3 zones, that's big, but now they need to determine the commercial viability of producing over that interval.
2. The light oil is interesting, and I wonder just how light. Are we still talking crude, or are we into the condensate range?
3. "The intervals penetrated include highly porous, permeable sediments and marine source rocks as predicted, and an extensive marine carbonate lithofacies" It's the carbonate that kinda piqued my interest - almost sounded like they were a little surprised. Carbonates can make great reservoirs, not just sedimentary formations, and I would be interested if this was a net good, or a bit of a bad surprise. Time will tell, and I wonder how much info will be released when they start digging into the specifics of what they found.

Any geos on here want to comment, Nameofthegame (pet eng)? 
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