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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | V.RECO.WT | RCNWF

Energy Metals & Mining Oil & Gas E&P Industrial Metals & Minerals
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

Reconnaissance Energy (Africa) Ltd > Why only drilled to 6, 858 feet down?
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Comment by pacer001on Aug 30, 2022 7:30pm
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Post# 34931104

RE:Why only drilled to 6, 858 feet down?

RE:Why only drilled to 6, 858 feet down?

From the Recaf website, see below. So if our rig can go down to 13,000 why isn't it?
 

COMPANY OWNED DRILLING RIG - (JARVIE-1)
  ReconAfrica owns a 1,000 HP conventional drilling rig
Rig ownership reduces drilling costs by up to 50% and provides control
over ongoing drilling program
Rated to drill up to ~13,000 vertical feet
1st well drilling completed April 2021
2nd well drilling completed July 2021
Multi-well drilling program throughout 2022 3rd well drilling ahead – spud June 25, 2022
The right rig for the Kavango Basin. The rig is mobile, suitable for desert conditions and designed for drilling into conventional formations
   Q3 2022 16
 
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