Reconnaissance Energy (Africa) Ltd V.RECO

Woke Terminology

[Oregonduck]

Wildcat exploratory well v. Stratigraphic well. Success is defined as penetrating lithographic zone and discovery of oil by drill stem test (DST). There is no evidence so far of any discovery and free-flowing oil on the 8-2 well.

(source cited below): Upstream April 2, 2022.

"Vancouver-based explorer Reconnaissance Energy Africa aims to spud the first of three wildcats onshore Namibia by the end of June. ReconAfrica — whose stock trades in Toronto and Frankfurt — operates a vast swathe of acreage in the frontier Kavango basin in north-east Namibia and north-west Botswana, where it has so far drilled two stratigraphic wells and shot a 2D seismic survey."