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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 Jul 01, 2021 9:46am
244 Views
Post# 33478830

RE:Do you think they have received some preliminary feedback

RE:Do you think they have received some preliminary feedback Analyzing the core for what it is is only part of the analysis, and is really only a small piece to developing reservoir/subsurface models. The real value of cores is that it allows you to "calibrate" or "corroborate" the other measurements. The logs and the seismic will all be analyzed in conjunction with the cores to more accurately determine what the reservoir looks like. Core on it's own isn't necessarily indicative of the formations over the entire reservoir, and instead, helps add clarity to the other measurements (logs and seismic). And due to the thickness of the potential pay zones, it is a ton of information to go through, I guess a downside to finding so much more than anticipated (but I'll gladly take it). And likely the public will not know the specific outcome of the core results on their own (it doesn't help anyone). Results will likely be released once all the seismic, logs, and cores are analyzed, and a reservoir model better defined. The real value of the cores is used in conjunction with all of the other measurements.

Hope this helps to explain why it's taking longer than may be expected. Any geologists on here will be able to elaborate further... or explain the process better
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