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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 Kyle61452on Oct 28, 2021 8:30pm
206 Views
Post# 34061426

RE:RE:Post From Discord

RE:RE:Post From Discord

They won't disclose specifics on oil quality or volumes until they have proper testing. The first two wells were not drilled with intent for understanding reservoir characteristics. Stratigraphic wells are only used to identify subsurface stratigraphy to locate areas that have the highest chance of having traps. Along they way they took core samples from the stratigraphic wells to identify the rock characteristics as a way to know if the potential reservoir would have the connectivity and pore volume to allow for a economical field.

however, in short, having two stratigraphic wells 10 minors apart both showing the same oil intervals is good. Showing the oil found was a migrated oil is good. That means there is oil generation and high reservoir connectivity. All that's left is finding the trap where oil migration would accumulate. 

until they drill to target a trap they cannot perform flow testing which would show reservoir size and give a good estimate of oil in place. 

Just a little insight from a petroleum engineer
hope this helps,

kyle 

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