Reconnaissance Energy (Africa) Ltd V.RECO

3rd Well Timing

[Cali61]

JimmyGeorge said since he is a know all geophysisist that they will not be able to determine the location of the 3rd well until 2d seismic is complete. This is simply wrong, as Scot Evans contradicted this in an interview. I double checked this with Grayson Anderson from IR and here is our exchange: 

Hi Grayson

 

Thanks for all the info you give to us stockholders! It's very helpful to us all. Just wondering if there is a guess as to when the 3rd well will be spud? Will it begin before 2d seismic is complete? Thank you as always!

Thank you for your continued interest in and support of ReconAfrica.
 
We are looking at acquiring some 2D seismic around where the third well will be drilled before we set forth in drilling it. This makes the most sense from a technical perspective and will lead to the most value to be added for shareholders.
 
We hope that helps. Please feel free to reach out should you require anything further.
 
Best Regards,
Reconnaissance Energy Africa Ltd.
 
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Please note JimmyGeorge aka "Mr. Know it all, I'm a geophysisist" "some 2d seismic around where the 3rd well will be drilled" They are not going to wait until seismic is complete before identifying and spudding the 3rd well. BTY, they are going to be using 3 tractors to do the seismic. Why you don't think that they can pull the daily readings from one of the locations and compile that in a short while is beyond me, Mr. "expert".

It's interesting how you twisted my earlier statement about retrieving the data daily and inferred that I was saying they would use one day's info to decide on the placement of the 3rd well.

If you are here to correct misleading statements, maybe you start with your own! A qiuck way to do that would be to just quit posting here.

 

[jimgeorge]

Cali, Cali, Cali....where to begin!  The seismic "data" that comes in daily is raw shot records, it can't be used for any interpretation or picking of well locations. You can't process it until the whole line is shot, and you need to have many lines shot in a new area like this before you can be comfortable with the processing parameters. and they have 3 tractors there

[Cali61]

JimmyJohns: WHERE DO I BEGIN!!!! It's so nice to know that you have so much more experience than everyone at Recon! LOL!!!!! Scot Evans has already said they will do exactly what I said. I'm just relaying it here. Maybe you should just drop tham an email and tell them yourself that they are out of their minds. LOL. You're funny. Do you do kids parties too??? BTW, why are you

[jimgeorge]

All right, this is getting tiresome. Clearly you can't handle any facts or insights that don't support your Go Long! thesis on this Hail Mary stock. Rather than flinging insults and personal attacks, how about looking at the points I raised? What exactly did Grayson say in his one sentence? Good luck to all who are so deep into the Recon kookaid trough that they can't look at it

[Cali61]

JimmyGeorgie: explain to me why they can't first run seismic only in the area where they plan on locating the 3rd drill, analyze that, and then go on to run the rest as a seperate exercise??? You're basically saying that they have to run the entire 450 kilometers that they originally planned on or they can't get any results. What you are saying makes no sense.  You are increasing

[TurnToTheRight]

So what jimgeorge is saying about the seismic is correct. The raw data that comes from the trucks and picked up are just diffracted sound waves. The data needs to be analyzed (by computer, not a technical professional at this point) in such a way that it can then be indicative of formation densities, and the different formation densities are what causes the different formations to become

[Zoolanders21]

If anyone on here knows what GPR is ... this is just like a giant GPR exercise. Results are instantaneous for the larger items of interest. It doesn't take a computer and months to analyze. They can use infomation immediately to determine 3rd well location. IMO GLTA

[Cali61]

So you don't believe they can run the seismic for the one area of interest near 6-2, 6-1, analyze that data to decide on the location of the 3rd well, and then work the rest of the area? Seems that is what they plan on doing.

[jimgeorge]

What I have said that is positive is they apparently have found a sedimentary basin where none was thought to exist before, and they apparently have some sort of oil shows. What I don't like is the vague and misleading language management uses in there PR. and as for not needing all 450 km of data to pick a location, that may be true, but if I was the super experienced technical experts that

[peterj99]

Jimgeorge, you really have come a long way Initially you talked about a scam You morphed to criticize posters Now you believe that RECO actually has a discovery I believe your credentials, and that you are not a shorter. I think you honestly wanted a crusade but you are finding out that there is no cause. My guess is that RECO has a discovery of eric proportion

[Cali61]

First of all, you acted like it was insane to believe they couldn't get the seismic info for a specific area where they want to drill the next well. Now you agree they can, interesting. Hoe could a genious goephysist not know that??? Second, you obviously haven't read many, if any, of the interviews that have been done with Recon management. To trust you over them on deciding what their

[Oildog]

Can you be more specific on what you mean by misleading. Thanks

[Oildog]

Please sir could you be more specific.

[jimgeorge]

Ok Oildog, here's some examples: Constant reference to "working petroleum system" and "active petroleum system" - the adjectives "working" and "active" have no technical meaning. It's either a petroleum system or it's not. These adjectives imply a higher grade of petroleum system has been discovered. Describing the logging and sidewall coring

[Oildog]

How would you have any idea of what they drilled into. Why could it not be the same as the Zagros. 

[Moneycat]

Hey little Jimmy...didn't you state a while ago that they had a zero percent chance of finding commercially viable oil ??  Are you still spouting that ??

[jimgeorge]

I never said zero. It's way too early to say anything about commercially viable oil.   they continue to mislead you guys and you fall for it.

[jimgeorge]

Of course it COULD be the same as Zagros. But it's way too early, even if they have SOMETHING, to equate it to one of the world's most prolific oil fields. If you don't understand that, I can't help you.

[CoreyB]

It is only misleading if you have a pea brain that tries to read conspiracies into every sentence that passes before your eyes.  You are a moron, if you don't wish to own here then fcuk off with your bs posts.

[jimgeorge]

Grow up you baby. I'm the only voice of reason here.

[Cali61]

JimmyJohns: It's interesting how you pic and choose which questions you will reply to. This is a repost of my earlier reply to you: First of all, you acted like it was insane to believe they couldn't get the seismic info for a specific area where they want to drill the next well. Now you agree they can, interesting. Hoe could a genious goephysist not know that??? Second, you obviously

[Bpultra]

================ Not to mention all the red tape they have already gone through to even get to this stage ...and then  say again to actually hit something .. this is why this is such a fun ride ... I would not want to be short this one right now... just way to much risk.. but we need shorty shorts because that is what makes a market and allows guys like us to transfer money from the short

[peterj99]

Cali61, you are strange. You are now saying what I said in an earlier post. But at that time you said I was nuts LOL Only I was more specific. I suggested they thump between 6-2 an 6-1 and select a target and drill an actual oil well LOL

[Cali61]

They are not going to drill a production well. That is what I said then and still say now. They have clearly said that. If you don't understand that, not sure what to tell you.

[Cali61]

JimmyJohns: I have to ask you once again. Why are you posting here? Saying you are here to counter misleading and incorrect info is the biggest pile of BS I have heared in a very long time. Who here has ever said "jee, thanks so much for your insights JimmyJohns". Let me answer that for you, zero. No one wants to know what you think. You know that and wet you keep posting. You are a

[Ebenizer3]

they moved well #3 from the 5-6 to the 5-2 site because 5-2 is on a road, go dig up the EIA it's shows all well sites and sub-basins. just guessing running the line on the 5-2 and analyzing data and comparing it with the VSP from the 6-1 and 6-2. Sorry our little koolaid 0.20 cent pennystock management and technical team with work experience from little known companies like Mitchell/Devon, EOG

[Cali61]

Beautifully said Ebenizer! This guy is a genius in his own mind. His picture is next to the definition od narcissist in the dictionary.