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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | RCNWF | V.RECO.WT

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 1:45pm
267 Views
Post# 33479583

RE:Question for geologists or for oil experts

RE:Question for geologists or for oil experts

That may be a bit of a loaded question. The log and core analysis will be used to develop reservoir models, and from there resource values can be inferred or estimated (total oil in place, recoverable oil, etc.) and those are the numbers everyone cares about. They aren't going to likely release any specific values used in determining the reservoir calculations because they won't mean anything to anyone, those measurements from logs or cores need to be analyzed in the context of all the information. 


The excerpt you posted above highlights that Jarvie used conservative numbers, but it is impossible for the public, even experts to draw any meaningful conclusions from RECO releasing resistivity log or neutron density values to the public. It's the output of the analysis that we all, and those investors on the sideline, care about. Any results released will be analyzed and distilled down to terms and values investors can comprehend and understand (like bbls of oil in place).

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