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).

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Reconnaissance Energy (Africa) Ltd > shorts are stubborn

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Comment by TurnToTheRighton Jun 12, 2021 7:13pm

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Post# 33378397

RE:RE:RE:RE:shorts are stubborn

Appraisal wells, 1-2 years off have commercial production, but the number of wells drilled in that phase of development is rather low, so not a lot of production. It's the development phase where production ramps up. This doesn't co trading the excerpt you quoted, I believe there will be some minimal commercial production. But I would be interested to know what volume of production was occurring after o my 2 years, my guess is not much. Shell and BP also get to skip a step that RECO must undertake, finding major JV partners as a junior.

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