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

Reconnaissance Energy (Africa) Ltd > multi well drilling in Q1 2022

<< Previous

Bullboard Posts

Next >>

Post by peterj99on Oct 25, 2021 11:43am

410 Views

Post# 34045219

multi well drilling in Q1 2022

My opinion:

They mentioned a multi well drilling program for early Q1 2022

They will target traps and conventional reservoirs encountered in their stratigraphic wells.

I never use the word multi to describe 2
If I mean 2, I say 2.
To me, multi means many.

How you would drill multi wells (by my definition) with one drill is beyond me.
They should get a few more drills on site ASAP
I wish they would get a better sense of urgency.
The higher the share price, the less dilution required to raise money.