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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

Post by Timberdoodleon Aug 31, 2022 1:49pm
239 Views
Post# 34933035

Need a booster use a sidetrack !

Need a booster use a sidetrack !Ask yourself why exactly they decided to do a sidetrack in the first place ?.

Using sidetracks drilling as a method for searching prospective formations in Perm region. Drilling a sidetrack from wells located near promising reservoirs can be more economical way. Drilling of sidetracks has become one of the most investment-attractive technologies aimed at stabilizing and further increasing oil production from fields being developed. This method is used to intensify the system of field development, increase the rate of oil extraction from productive formations and actually replaces the compaction of the well grid. Appropriate technologies help to save a well as well as construction and development costs. In presence of candidate wells, including plugged and abandoned one, located near promising structures, it becomes important to search for them using sidetrack drilling as a method of geological exploration
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