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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 Oregonduck on Jun 23, 2022 1:02pm

Explain this

A few months ago, Reco said the next well will be a sidetrack bore hole to 6-2 well. That well which they said has 600 net ft of light oil showing, but subsequently plugged and capped.

Now, the 3rd well will be drilled 6 km away. They look to be drilling multiple holes to keep the dream alive.
Comment by Yo_Dog on Jun 23, 2022 1:27pm
Probably hints more to their confidence with the additional data!!! 6 km is quite a step-out. If that hits .... she'd be a gusher! 
Comment by Luckboxx on Jun 23, 2022 1:30pm
6-2 was cased , not plugged....who is desperate did you say?
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