An interesting geoscience viewHi - I have come to know a geoscientist who works in Nambibia. I asked him about Recon's acreage potential. Here is his response:
As I understood it the original premise was that there was a deep, transtensional basin full of Karoo (Permian) source rocks and it was a shale-oil play. That morphed to a traditional target of Karoo sandstones. Although magnetic data showed the crystalline basement was deep, the original strat holes proved that the Karoo wasn't that thick and they TD'd in pre-Cambiran carbonates - a quick inspection of the gravity data, which showed a high - would have given a clue that this might happen. The petroleum system is pre-Cambrian (in my view) and the subsequent 2D seismic has beautifully imaged the pre-Cambrian fold belt. For a particular reason I believe that there may be a valid petroleum system nearby, but just not in the Recon acreage.