Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 > Drilling - what to look for
View:
Post by pacer001 on Apr 06, 2022 7:42am

Drilling - what to look for

I have been researching what to look for in drilling operations.

1. Soil gas surveys - public records - are they done and issued? No one drills without these.
2. Draft a drilling proposal - should be known by stockholders at what phase they are at.
3. Establish infrastructure for the drilling site - roads or railroads to site.
4. Drilling encampments (trailers, roads to site and cut trees are signs of active workers)
5. Pressurized Drilling tanks and water mud pits close to drill site (signs of active drilling).
6. Visible heavy machinery and drill pipes on Big Trucks!
Comment by pacer001 on Apr 06, 2022 7:44am
Ps 7. Storage Tanks or run off sump pits 8. A Hub point (drill site) where everything evolves around - it should be in the center of the encampment with signs of structures.
Comment by Wynjoe on Apr 06, 2022 9:18am
Now you see what I'm talking about...no infrastructure, no oil equals way over a BILLION dollars...WHY??? This was a twelve cent stock not long ago,and I believe Cannacord @$6.35 will lose tremendously if drilling soon do not start and oil is discovered in commercial quantities ,sooner then later.MAJOR SELL!!!
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities