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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 Sandpointon Aug 06, 2021 3:03pm
426 Views
Post# 33664475

Schedule

ScheduleHere is my take on the upcoming schedule. The seismic operation will run to Nov 1. The next move will be to drill for oil. So they will take some time to analyze the seismic and drill data to pick a spot that they hope will produce oil. So give them a month to do that. Drilling would then start around Dec 1. The first two wells took about 5 months drilling time, so lets say, the 3rd one takes 2.5 months. So that means that we are looking at mid Feb 2022 for a positive result of oil. I would hope that they would publish strong data before the third well begins drilling.  If we are lucky they will post some of the other drill data before November. But the bottom line is that we are aout 6 months from having the first flow of oil. 
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