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Bullboard - Stock Discussion Forum 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... see more

TSXV:RECO - Post Discussion

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Post by Jesus1000x on Dec 21, 2020 3:15pm

Info

The well-site for the first well (6-2) in the Kavango basin and the associated camp were completed, on schedule, in mid-December. Utilizing a smaller local rig, the initial leg of the well-bore has been drilled, with the first casing string set and cemented. The Company owned Crown 1,000 HP drilling rig (Jarvie-1), along with ancillary equipment and spare parts, were successfully shipped from the Port of Houston and arrived on schedule, in the Port of Walvis Bay, December 11, 2020. The majority of drilling equipment has now arrived on the 6-2 well site. "Due to the additional logistical challenges presented by the coronavirus pandemic, the Company's successful operations have required an especially strong and dedicated effort from the ReconAfrica team, hard work on behalf of our local employees and contractors, and significant support from the Namibian national and regional governments" stated CEO Scot Evans. Drilling of the 6-2 well is scheduled to take place the first part of January, 2021. This well is the first of a three well drilling program intended to confirm an active, Permian aged, petroleum system in this deep basin. The wells are designed to drill through and collect important data on all Permian aged rock formations. Core data and logging operations will be specifically focused on conventional oil and gas reservoirs, which flow naturally under their own pressure.
Comment by TruthBeTold7 on Dec 21, 2020 3:16pm
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