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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

Post by Cali61on Jul 19, 2021 11:21am
808 Views
Post# 33569205

3rd Well Timing

3rd Well TimingJimmyGeorge said since he is a know all geophysisist that they will not be able to determine the location of the 3rd well until 2d seismic is complete. This is simply wrong, as Scot Evans contradicted this in an interview. I double checked this with Grayson Anderson from IR and here is our exchange: 

Hi Grayson
 
Thanks for all the info you give to us stockholders! It's very helpful to us all. Just wondering if there is a guess as to when the 3rd well will be spud? Will it begin before 2d seismic is complete? Thank you as always!

Thank you for your continued interest in and support of ReconAfrica.
 
We are looking at acquiring some 2D seismic around where the third well will be drilled before we set forth in drilling it. This makes the most sense from a technical perspective and will lead to the most value to be added for shareholders.
 
We hope that helps. Please feel free to reach out should you require anything further.
 
Best Regards,
Reconnaissance Energy Africa Ltd.
 
The contents of this e-mail (including any attachments) are confidential and intended solely for the addressee(s). If you are not the intended recipient of this e-mail, any disclosures, copying, distribution or use of its contents is strictly prohibited,and you should please notify the sender immediately and then delete it (including any attachments) from your system. 


Please note JimmyGeorge aka "Mr. Know it all, I'm a geophysisist" "some 2d seismic around where the 3rd well will be drilled" They are not going to wait until seismic is complete before identifying and spudding the 3rd well. BTY, they are going to be using 3 tractors to do the seismic. Why you don't think that they can pull the daily readings from one of the locations and compile that in a short while is beyond me, Mr. "expert".

It's interesting how you twisted my earlier statement about retrieving the data daily and inferred that I was saying they would use one day's info to decide on the placement of the 3rd well.

If you are here to correct misleading statements, maybe you start with your own! A qiuck way to do that would be to just quit posting here.
 

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