Reconnaissance Energy (Africa) Ltd V.RECO

Will Bill Cathey WITHDRAW his conclusions???

[Hiddensecrets]

This is interview with Jarvie on September 2, 2020 and the present drilling are CONTRADICTING their inital assumptions.   

My comments in yellow.

https://www.baystreet.ca/stockstowatch/8662/The-Largest-Oil-Play-Of-The-Decade-Interview-With-Daniel-Jarvie

Jarvie said:  

Survey and analysis have already confirmed the basin reaches depths of up to 30,000 feet (BUT......this appears to be incorrect as RECO press releases state that drill 6-1 and 6-2 hit a total depth  OF +/- 9,000 feet, being unable to reach their targeted of 12,500 feet), and as geologist Bill Cathey has already noted, he hasn’t seen a basin in the world of this depth  conditions that isn’t home to a major petroleum system or multiple petroleum systems such as in the Permian basin of West Texas-New Mexico (but these drill results now are confirming that this basin is rather shallow by hitting a total depth of only +/- 9,000 feet, so will Bill Cathey now withdraw his initial conclusions or revise them????  Anyone willing to ask him this question).

mpo

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[judomacca]

I think you are jumping to conclusions. We really dont know the depth of the basin. Just because they drilled to 7500 ft. in one area does not mean that is the total depth which has you concluding this to be a shallow basin. We cant really conclude anything now other than they drillled to the 7500 ft. Grayson says there was no need to drill farther because they found what they wanted in the depth

[Ebenizer3]

The depth of a well has nothing to do with the of the depth of the basin. Only management can answer why they didn't drill well to the advertised depth of 12,500. They should have announced that fact back in April. There's 6plus million acres. Next up is the 6-1. The problem with pumping is everyone thinks it's a done deal. Have a great weekend.

[Ebenizer3]

after going over the mud log report, it seems like a disconnect between what's being said and what's in the report from horizon. The absence of shale stringers, at 1000m - 1100m is a nice sand zone. at 840m there was some coal but only 20% which was afraid was going to be a lot thicker interval. At 1440m there was tar balls and heavy oil which again not enough to complain about. Usually in

[Ebenizer3]

and to be clear, the whole point of drilling to 12,500ft is to hopefully find and compare the source rock from the 6-2 or 6-1 to what was found in the ST-1, after all its the hydrocarbons in the source rock that's going to charge all these conventional traps. If it's not about source rock they should of started with seismic. Like always I never get my way lol. Beer anybody!!! Aye....

[Ebenizer3]

oh yeah almost forgot the biggest disappointment was that the ST-1 was drilled to something like 6400ft and had 620ft of Permian shale albeit immature and the 6-2 had zero. Not the end of world. Next up.

[teheran10]

Hidden I'm very surprised that you write this. Please contact Grayson and then comment. Read some comments in Reddit from professionals who are giving very clear answers why RECO might have not reached 1250.  that drug investment is not working for you I guess? If you bought it at $25, know that it will be shorted horrendously and I'm looking to buy it at $15. Thanks for the head up

[headtotoeinthe6]

My assumption would be the previously announced TD of 12500ft doesn’t need to be drilled if there are shows they’ve drilled into, because they’re also doing 2D seismic. I presume (maybe incorrectly) that the 2D seismic data will fill in details about what they will run into below the 9000 ft mark. As with other posts I’ve read, I think it makes perfect sense to mitigate and lessen risks