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

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Reconnaissance Energy (Africa) Ltd > Overall logic of the 3 well program

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Post by Flintstone60 on Mar 12, 2021 11:18am

Overall logic of the 3 well program

From discord.
abba25 (He knows the oil business very well and has already worked on drilling rigs)

abba25heute um 15:35 Uhr

Overall logic of the 3 well program..My Opinion( your could differ)…As we all know there are 5-7 sub basins in the Kavango Basin..I suspect that each individual sub basin will be analyzed separately and then farmed out ( maybe 1 of them kept by RECAF). So when recaf first stated they are going to do a 3 well stratigraphic program, I suspect that they located 1 well in 3 separate sub basins.. The logic would be if the first hole was dry( sub basin no good) then they would go to the 2nd sub basin and drill hole no. 2…and if it was dry, they would go to basin 3 and drill hole 3…etccc. However, if any hole encountered source rock ( or other positive parameters) , then they would refocus the remaining holes in that sub basin so they could better delineate the commerciality of that sub basin and then farm it out. Once that sub basin is farmed out the share price of recaf will jump and recaf will have more money to further explore other sub basins…recaf would continue this procedure until all sub basins were drilled.. What we see happening today is moving hole 2 from sub basin 2 and locating it in sub basin 1..This would imply that hole 1 was positive…I suspect the 3rd hole which will not be stratigraphic will be relocated based on hole 1 and 2( and the 2D seismic). Please note( my conjecture) that originally the 3rd hole was to be stratigraphic but now it has been deleted and is going to be a pumping test well. I think they will soon announce that well 3 will be located between well 1 and 2) Feel free to disagree. I am just trying to get into the heads of the recaf guys and guess their logic. I think the best way to attack the Kavango is to investigate each individual sub basin one at a time.

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Comment by Chihuahua on Mar 12, 2021 11:56am

did you know discord is a site organized by nefarious moderators who are attempting to manipulate trading?

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Comment by teheran10 on Mar 12, 2021 11:57am

Get lost

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Comment by Flintstone60 on Mar 12, 2021 12:02pm

BS ! Discord is currently the best site to get comprehensive information about ReconAdrica and the ongoing activities. I think you have been banned, and rightly so.

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Comment by Chihuahua on Mar 12, 2021 12:05pm

That site is a disorganized mess. The chat stream is not stop diarrhea chat and hard to follow. The moderators are pestering users for trade information so they can manipulate stock. The have cronies like you trying to suck in unsuspecting investors. It is a failing sham & is best to be avoided.

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