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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

Reconnaissance Energy (Africa) Ltd > Oil action is OFFSHORE
View:
Post by deepoil0808 on Aug 14, 2021 10:33am

Oil action is OFFSHORE

The oil action is offshore Nambia and its surrounding Africian countries, where you have source rocks feeding the basins offshore. 

Is there going to be any oil left that could possibly migrate to the Kavango basin as it is far away?

The only evidence we have onland Nambia is that Shell was not successful onshore with its well STP-1 in the Owambo basin that is next to us.

You do not need to be a geolgist to question as to whether we are drilling in the right basin.

I would drilled offshore.


https://news.cision.com/africa-oil-corp/r/africa-oil-announces-the-entry-of-shell-oil-into-two-existing-blocks-and-the-signing-of-a-new-block-,c3230834



Comment by NFKRS17 on Aug 14, 2021 11:40am
Man...you are totally clueless, eh? The migration is East to West...most likely from below the Okavango delta to the RECO block.  You think the migration is well over 1,500 miles from Southwest Namibia to Rundu?  You should just keep quiet instead of showing your ignorance...and destroying whatever is left of your crediblity.  
Comment by deepoil0808 on Aug 14, 2021 12:48pm
Show me the proof where the migration is East to West. And show me that this migration is under the Okavango delta and that it travels to Reco block. If you cannot prove it, then it is just words.    Words cannot justify a $ 1.3 billion market cap.   No matter how much you cheerleading or clapping you do for them.   Stock is down 47% from $ 13.84 per share, which ...more  
Comment by peterj99 on Aug 14, 2021 1:39pm
Hey numnutzy (0808) Tell your environ/mental cases that the petroleum industry is the reason there are still whales From wikipedia "The beginning industrial societies used whale oil in oil lamps and to make soap. In the 20th century it was made into margarine. With the commercial development of the petroleum industry and vegetable oils, the use of whale oils ...more  
Comment by Ebenizer3 on Aug 14, 2021 2:52pm
oh boy, can u please get ur facts straight, shell never drilled in owambo basin, shell, bp and de beers drilled a well in nama basin around 1969 some 350 miles south of the 6-2, u are some sick and deranged people, hope u are getting paid well too continuously vomit nonsense.