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

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Post by AUborealison Oct 24, 2021 2:44pm

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Post# 34042245

Targeting and start of the 3rd strat well could be sooner

than the market anticipates.

Just because the last data won't be processed and finalised into a report until Dec. does not preclude the possibility that the seismic program 'started' in the approximate area of the intended well 3 location and fanned out from there across the entire targeted area.

That 'first area' data could already be 'in hand' and the 'fine tuning' of the well location already completed.

"WITH the assistance of a COMPLETE SET of SEISMIC DATA."

I don't think the market is pricing in that possibility.

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