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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 deepoil0808on Aug 11, 2021 1:11pm
204 Views
Post# 33685444

RE:RE:RE:RE:Two difficult drill holes

RE:RE:RE:RE:Two difficult drill holes Jarvie stated that you need the right source rock because that is what feeds the reservoir rock with oil.    You now claim that this source rock is irrelevant, going against what Jarvie said.  If you have no source rock, you have no oil.    
The Horizon report stated that the oil shows are not a source rock.   My view is that it could be oil stains that are millions of years old that has long dried up. 

The very weak gas readings suggest that any oil is not mature as these hydrocarbons need to cook over millions of years and, a strong gas reading is needed to confirm that hydrocarbons have been cooked properly. 

If the mug logs are good for nothing, according to you, then why is the company releasing insignificant fluff news?

And why has Jarvie gone silent?   Everything was built on his estimates and now he is silent. 

And what about insiders selling during a stock plunge?  

The present plunging stock price is a vote of non confidence.    



 





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