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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 Jun 26, 2021 8:48pm
368 Views
Post# 33456804

RE:RE:RE:RE:RE:RE:Maintenance

RE:RE:RE:RE:RE:RE:MaintenanceI can't see the short break causing such a decline in the SP, mainly because most wouldn't know what kind of risks that entails. Some of the hole is behind casing, and some is open hole. The intermediate casing is massive, and we don't know why they designed it that way, so they may have run a second int casing string prior to shutting down for maintenance. They likely overbalanced the well, pulled out of the hole, shut it in, and are now sitting. We don't know what risks there are to hole stability (swelling shales, cleaving formations, etc.) so I can't see that causing such a decline.
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