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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 26, 2021 12:18pm
263 Views
Post# 33067026

RE:Question Re: Drilling

RE:Question Re: DrillingThe Crown 750 rig is carrier mounted, which means it is self rolling and has wheels attached (as opposed to requiring rig moving truck to essentially put it on a giant flatbed truck), and makes for a quick rig move. The time needed for the rig move is dependaant on the number of truck loads (mud tanks, water tanks, catwalk, pumps, auxillary power, well site shacks, etc.), and from the looks of the rig, it shouldn't be too many. How quickly those loads take in Africa is the quiestion. In Alberta, that move (number of loads and distance) would take a day, but if it took 3-4 days it wouldn't surprise me. Oonce moved MIRU (Mov-In RIg Up) should take 1-2 days on a rig like that on a single well location. Again, could be an extra day if the crews aren't overly familiar with the rig. All in all, I would think we're 4-6 days from spud of the second well. This is just my best guess.
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