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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 TenneseeOilon Aug 16, 2021 6:26am
394 Views
Post# 33708535

RE:RE:RE:RE:RE:Bill Cathey - details per Zoom information

RE:RE:RE:RE:RE:Bill Cathey - details per Zoom informationYou are literally retarded... Also as it so happens there are at least two independent analysis from Geologists with no affiliation to Recon suggesting that this portion of the basin is at least 20,000 feet deep. I read two reports last night that suggested one report did not use anything regarding "The Newly discovered Kavango Basin" and one that did. The Reports were from 2014 and 2018 respectively both suggested that there was quite a high probability of Oil in the area using two completely different models. (Clearly both Models can't be right) Also I checked all of the drilling depths from Etosha and I'm almost positive ST-1 was only 6,000 feet deep. The results showed no possible Reservoirs. 6-2 Showed the possibility of 3 Zones. If I'm not mistaken 6-1 showed the possibility of 7. So far all results have matched Recon's Kavango which I would argue is incredibly meaningful. This is not a Methane Gas Play. Recon has now drilled the two Deepest wells in Northern Namibia. It appears their results will likely retire any Karoo/Owambo theories however even if the Karoo Owambo theory were correct nobody had ever found Reservoir Zones Before. Given that composition of the rock and oil types are completely different between ST-1 & 6-2 I think Recon's analysis was more correct. You are literally retarded. You dont have to like RECO there is an argument that could made that the company was historically overvalued for how far along they were. However, the Geology om tje area is becoming clearer and it os definitely going Reco's way. There is a reason that Schlumberger was hired. Those logs showing the unique zones mean that Recon could be sitting on the most profitable Oil in the world. Light, Sweet Crude with multiple discernible zones 2D on its way. Recon has already changed Namibia's future forever. They were right! It doesn't matter if 6-2 or 6-1 aren't commercial discoveries. They have 8 million acres of the best setup in goodness how many years. This is Exciting Stuff!
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