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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 21, 2021 3:05pm
412 Views
Post# 33038543

RE:Question about 2D Seismic

RE:Question about 2D SeismicFrom my experience, and full disclosure I'm a drilling engineer so a reservoir engineer or geologist will have more knowledge on the subject, the 2D seismic data can be analyzed almost as soon as RECO recieves it. However, developing subsurface models is an itterative process, and constant recalibration and fine tuning is done as more wells are drilled and more siesmic is conducted. The models can always be wrong, and generally the more data obtained the more accurate the models - think a better and more accurate way of determining the most prolific areas of the basin to drill and develop.

Also, depending on the depositional characteristics of the formations, the seismic requires very experienced professionals to interpret the information CORRECTLY. As Nameofthegame mentioned earlier, carbonate reservoirs (though potentially prolific) can be a headache to accurately map. Safe to say, it will be very difficult for us on the outside to really get a feel if the seismic was truly beneficial (we can only speculate if the well locations move, and the results get better and better).
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