Reconnaissance Energy (Africa) Ltd V.RECO

Shell spudding Graff-2 appraisal well...

[Ebenizer3]

https://www.upstreamonline.com/exclusive/shell-within-hours-of-spudding-namibia-appraisal-well-on-huge-graff-oil-discovery/2-1-1168213. Drilling looks like fun....

[hydrocarbss]

(2020) French Oil giant Total will next year spud an ultra-deepwater Venus prospect in Block 2913B wildcat off Namibia The well is situated in the Orange basin. Total’s Venus-1 well, in Namibia’s ultra-deep offshore, as one to look at; the well has the potential to be the year’s largest discovery. The ultra-deepwater wildcat will target 2 billion barrels of oil in a giant Cretaceous fan play,

[hydrocarbss]

The Graff-1 well is located in Block 2913A in the Orange Basin where Shell is the operator and its partners are QatarEnergy and the national oil company of Namibia, Namcor. Impact holds a 20% interest in Block 2913B and was joined by TotalEnergies as operator in 2017, bringing significant deep-water drilling expertise to the Joint Venture, and in 2019 by Qatar Energy. TotalEnergies holds a 40

[Ebenizer3]

Don't think Shell or Totalenergies need much help. Just very interesting.

[pacer001]

Yup, hydro I find it very odd that no one is interested in their share. "NAMCOR, the Namibian state oil company, holds a 10% interest. " Edit:  No 5% buyers of NAMCORs share?

[jimgeorge]

The way I see it, Namcor wants to keep their 10% stake in the offshore project and they were happy to take some cash from Recon to fund their future development costs in the offshore project. I think they have shown which project they believe in - offshore vs kavango.....

[Luckboxx]

You are so funny!  Lol

[Ebenizer3]

point is things are starting to move, not an apple to apple comparison, yeah offshore development 5-10 yes. the venus-1x spud 12/01/2021 and operations are on going. Shell was scheduled to drill in sao tome and principe and than head to Nigeria, so whatever graff-1 has was enough for them to load back up and drill graff-2 hopefully reco joins the party and spuds, that's what I am here for