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 > Damned Statistics

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Comment by jimgeorgeon Jul 17, 2022 12:17am

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Post# 34829566

RE:Damned Statistics

Ducky, the term "17% primary recovery" means that 17% of the total oil contained in the reservoir can be recovered under primary production (ie no pressure maintenance or water flooding). It has nothing to do with probability and nothing to do with the chance of finding oil. It's obviously a little early to be talking about a recovery factor when they haven't even tested a well yet, but let's get our oil terminology straight...

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