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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 jimgeorgeon Aug 13, 2021 11:33am
235 Views
Post# 33700738

RE:RE:Facts Or No Facts

RE:RE:Facts Or No FactsIn order to run a production test you need a "pay" zone on the wireline logs - a porous interval with high resistivity indicating a high hydrocarbon saturation.  They haven't said anything about the wireline logs, I keep saying that will be the most important news to come.

I'm going to speculate now - I believe they have encountered sedimentary rock, some of it porous reservoir rock, with some oil shows. (This would be a big win for the first two strat wells in a new basin).  I don't believe they have any pay zones on the logs, or they would have said so. Therefore I don't expect to see a production test.

next step is acquiring and interpreting seismic to see if there may be a trap involving the porous sections, that will definitely take until October. Hang in there!
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