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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 Aug 01, 2022 1:23pm
241 Views
Post# 34864213

RE:Expectations?

RE:Expectations?Remember the first two wells?  Recon announced all sorts of "oil" discovery factoids, many of which were greatly exaggerated (600 foot oil "pay" zone) or misleading (NSA doing reservoir analysis on well logs with no actual log pay).  The share price jumped, then fizzled out as it became clear over time that there was no actual pay (no tests!).  So what will matter is the exact language Recon uses to hype their next "discovery", hopefully they will be more forthcoming with data that actually means something.
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