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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 Cali61on Jul 22, 2021 12:39am
176 Views
Post# 33586334

RE:RE:Jimgeorge

RE:RE:JimgeorgeThis is now the 4th time Jimmy Johns has not replied to my question, which was in reply to his statement. What are you afraid of Jimmy??? The fact that you are a fraud? Here is the question once again:

JimmyJohns: It's interesting how you pic and choose which questions you will reply to. This is a repost of my earlier reply to you, I have posted it back to you twice now and still no reply:

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.
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