Wisdom 5-1 Well To be drilled in different part of the Karoo rift extending from South Africa. There is no oil in South Africa and Namibia onshore hosts mostly shale oil according to Sproute's own initial report, and Dan Jarvie stating there are 120 billion barrels of original oil in place in the Kavango basin. Unfortunately, 8-2 well is non-commercial and 6-2 and 6-1 have drilled into an active petroleum system but likely trapped in shale rocks.
Just like in Mexico, Dan Jarvie who is the world-renowned petrochemist at RECO & Recon Oil (ROE) said it hosts some 300 billion barrels of shale oil.
ReconAfrica has so far found no commercial conventional free-flowing oil. Looks like the game is up after the money runs out drilling blind.
Namibia licence does not allow shale oil production just like ROE in Mexico. ReconAfrica management is accused of pumping up the stock on misrepresentation with a scienter to deceive the investing market by fraud.