Code Words for No Oil on 8-2 wellIR statement below from another Chat Room. Reco is preparing to do more seismic work and looks to be changing their drilling focus away from the next three sites.
JV is just a pipe dream to string investors along - line, hook and bait.
"we will press release when we have started for the formal JV process, which is still on track for this quarter" also, the next well isn't limited to the other 3 locations called out in the last PR. a number of factors go into the next well location but it's possible the 2nd round of seismic changes the targets / order