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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 15, 2021 7:25pm
242 Views
Post# 33707897

RE:RE:Bill Cathey - details per Zoom information

RE:RE:Bill Cathey - details per Zoom informationAgreed that in 2015 Bill Cathey was not with Reco when he made the call for a 30,000 foot basin.

Then as you say he was so excited that he joined Reco as an employee in 2016, London office and, stayed there until 2019 per zoom information. 

Then just prior to very important drilling he quits or leaves RECO and is not there in 2020 and 2021 as an employee. 

And you see this leaving as a bullish sign?

The company relied on his analysis of a 30,000 foot basin and he leaves?

Now the actual facts come out that RECO was unable to drill beyond +/- 7,000 feet in hole 6-2 and, +/- 9,000 feet in hole 6-1, with investors only learning about depth issue problems in July 2021 and not in April 2021 when hole 6-2 drill results were initially released.    

We have Jarvie who has gone silent, we have Bill Cathey who left as an employee  at the most important time in the companies life.

Can you not see my concern that if the basin is only +/- 9,000 feet (meaning Bill Cathey is wrong), it also means Jarvie estimates are off as it is a smaller basin and, it puts us in the same position as the non commerical oil found in our neighbors land next door STP 1 that has a similar basin depth.

And why the issue with the 30,000 feet deep basin.   Because the company said that with a basin 5x times bigger than its neighbor at 6,000, the oil would cook to maturity.   So if basin is only 9,000 feet deep then what happens to the cooking of oil is my question?





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