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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 jimgeorge on Nov 07, 2021 3:25am

Reality Check

Another strange press release...I thought the info in the release was bland but inoffensive, until I looked at the seismic data Recon chose to add to their release. Why would they put this actual data in the release? As an interpreting geophysicist, I can tell you the data quality is abysmal. Are these lines even migrated? They're full of diffractions, they have low signal to noise ratio, and very little data below 1 second, which translates to a depth of at most 5000 feet. 

This data will help with regional geologic interpretation, but it's not some magical "Rosetta Stone" that will make the next well a gusher. This is still a long game, not a lottery ticket. It will take years to prove (or disprove) this basin.

Comment by Ebenizer3 on Nov 07, 2021 9:46am
well at the end of the day the drill bit will hav the last word, and the data hasn't been fully cleaned up, but u can't deny the structure or the zone sitting on top of that structure. So whether the release has to do with next week or not we will see. What ur thoughts on the two companies doing the interpretation of data, don't think most companies hire two companies to do the same ...more  
Comment by Bpultra on Nov 07, 2021 5:45pm
https://www.instagram.com/p/CV-klRDof8N/
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