Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Cali61on Jul 21, 2021 11:29am
208 Views
Post# 33581342

RE:RE:RE:RE:RE:RE:RE:RE:RE:3rd Well Timing

RE:RE:RE:RE:RE:RE:RE:RE:RE:3rd Well TimingJimmyJohns: It's interesting how you pic and choose which questions you will reply to. This is a repost of my earlier reply to you:

First of all, you acted like it was insane to believe they couldn't get the seismic info for a specific area where they want to drill the next well. Now you agree they can, interesting. Hoe could a genious goephysist not know that??? Second, you obviously haven't read many, if any, of the interviews that have been done with Recon management. To trust you over them on deciding what their step by step plan should be is laughable. If they were fortunate enough to have had much better results from the first 2 wells, enough to go a step further than having the 3rd well be stratigraphic, once again I trust them over you. I'm pretty sure you don't have access to their data.  There are other reasons to quicken the pace to prove recoverable reserves: government influence and pressure, revenue from earlier JV agreements to name a couple of very important reasons that you obviously are not considering. Welcome to the real world and operating in a country in Africa. You really need to read the license agreement and understand the pressure they are under from the government for fast results.
<< Previous
Bullboard Posts
Next >>