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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 jimgeorgeon Nov 15, 2021 4:50pm
310 Views
Post# 34129155

RE:AOW -- Craig Steinke's JV Pitch

RE:AOW -- Craig Steinke's JV PitchOnce again I am vindicated. Steinke refers to the seismic line he shows as "unprocessed seismic", what he means is "partially processed". Just to get to the point where it can be shown as a line, a lot of processing has already happened - statics correction, deconvolution, normal move out correction, common depth point stack, etc.  Some of the most important processing has not been done on these lines - such as time migration.  It's simply not possible to make bright spot (direct gas indicator) interpretations on partially processed data.  Even less possible to assign hundreds of millions of barrels of oil reserves!!  (And no, BP, it's not an "opinion" I'm dissing, it's a technical interpretation.)

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