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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 Ebenizer3on Aug 07, 2021 2:17pm
339 Views
Post# 33668554

RE:RE:Will Bill Cathey WITHDRAW his conclusions???

RE:RE:Will Bill Cathey WITHDRAW his conclusions??? after going over the mud log report, it seems like a disconnect between what's being said and what's in the report from horizon. The absence of shale stringers, at 1000m - 1100m is a nice sand zone. at 840m there was some coal but only 20% which was afraid was going to be a lot thicker interval. At 1440m there was tar balls and heavy oil which again not enough to complain about. Usually in a well that deep u would expect shale stringers to trap oil and gas. Just my opinion if oil and gas was present at some time it migrated out. The lack of oil and gas shows might be the reason they cut the drill short, there could be any number of reasons if it was for geological or mechanical or whatever don't understand why management wants to pump it if the results aren't favorable. One well out of 6 million acres wasn't expected to hit spindletop. Lol. Just give it to me straight managment. Guessing they wished they never made the first announcement. We got info from the 6-2, on to the 6-1 and seismic.
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