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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 Fuqufrank on Apr 16, 2021 12:20pm

Frank where u at?

TO THE MOOON
Comment by peterj99 on Apr 16, 2021 12:35pm
well he did suggest OYL around $1.00, I believe, and that now  OYL is up to around 86 cents It is a negative gain but still a gain 
Comment by NameOfTheGame on Apr 16, 2021 2:08pm
Everyone should just ignore him. He's trying to drive emotional sentiments for personal gain and completely ignores the inputs of financial and industry experts.  We have a real, tangible asset now that continues to grow in confidence and has a consistent history of derisking. People like him can think whatever they want. The dollars come to us. 
Comment by Ebenizer3 on Apr 16, 2021 3:12pm
NameOfTheGame from the recent PR which statement got ur attention most? Throw the same question to TurnToTheRight. For me when you read" light oil in numerous cuttings samples " has to get ur attention. Doesn't that mean free oil and not just the cuttings fluorescing , course don't know what the logs and the cores look like, guessing the mug logger was a little excited. Thanks
Comment by TurnToTheRight on Apr 16, 2021 7:24pm
A couple things really stood out: 1. 200m of potential pay over 3 zones, that's big, but now they need to determine the commercial viability of producing over that interval. 2. The light oil is interesting, and I wonder just how light. Are we still talking crude, or are we into the condensate range? 3. "The intervals penetrated include highly porous, permeable sediments and marine source ...more  
Comment by NameOfTheGame on Apr 17, 2021 12:34am
You basically took the words out of my mouth.   200 meters potential payzones is just crazy to me. Analyzing those logs must have just been absolutely painstaking lol.   Light oil is good! I'm speculating based off a lack of information but makes for easy lifting, low sulphur, lower nitrogen, napthenes etc. All of why make a particular crude fetch a higher premium.    ...more  
Comment by Ebenizer3 on Apr 17, 2021 10:26am
so a good example of a carbonate reservoir would be what Iran produces from or the Austin chalk in Texas. As you said very early in this exploration. The 2D seismic becomes very important then. I forget the geologist's name but I know before Iran threw the shaw of Iran out power he helped them by analyzing their seismic and then came to east Texas in a little field call Giddings field ...more  
Comment by Chihuahua on Apr 16, 2021 1:06pm
He probably went broke trading and is looking for work as a coal miner somewhere.
Comment by Buyhigheatchips on Apr 16, 2021 1:13pm
jeezus is the reco board or the frank board?
Comment by SirRichard1987 on Apr 16, 2021 1:33pm
Short squeezed
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