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).

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Reconnaissance Energy (Africa) Ltd > Running on Fumes

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Comment by jimgeorgeon Sep 07, 2021 12:43pm

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Post# 33819231

RE:RE:RE:Running on Fumes

Since you asked....as the geophysicist on this board I can answer that.
Seismic data and interpretation is very sophisticated, and able to create very detailed images of the subsurface geology and geometry. However, to really be able to pinpoint oil accumulations requires a lot of well control and multiple iterations of: interpretation > test with well > recalibrate interpretation > test with another well and so on.
So you can get very precise information about things that are not known precisely yet.

I'm not bashing, just telling it like it is. It will take a long time and a lot of wells to know if there is any commercially viable oil.

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