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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 Ebenizer3on Nov 10, 2022 8:12am
228 Views
Post# 35087687

RE:Comparing RECON with INVICTUS

RE:Comparing RECON with INVICTUSwell the results are the results, and there's absolutely no confidence that management is going to "Shoot straight" the SH. Recon knew what they had when they did the wireline logs and could of clued SH in, have no clue when they got results on the cores which would come a couple of weeks later but they knew the 8-2 wasn't even close to what the 6-2 was. An example of no confidence is the NR on 8/30 stated that they TD the well, yesterday the NR stated they TD on 8/15 so which one is the truth, the wireline, sidewall cores and VSP didn't take two weeks to perform. And as an investor just shoot me straight, everyone knows that this is wildcatting. As for Invictus they had a bad day when someone dump a bunch of shares when they had operational issue, but they had a great resistivity reading but couldn't test it because they drilled right next to a fault, and anyone can look at the seismic and understand, the 200 horizon if drilled in another location would be a discovery. Really disappointed that reconAfrica doesn't feel like the SH deserve timely info. The results are the results. Also reconAfrica inability to get permit approved in a timely manner is puzzling.
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