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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 > clearing at 5-1; good or bad.
View:
Post by Yo_Dog on Oct 24, 2022 11:37pm

clearing at 5-1; good or bad.

The plan, as I recall, was to drill a sidetrack off 6-2 next. If the clearing is a sign 5-1 is next, it might be a positive sign for 8-2. Here's my reasoning:

If 8-2 was a failure, they would want to side track 6-2 since they know there is oil there. It would provide a positive news event for recon. To go to 5-1 with poor results from 8-2 is just too big of a risk for the company. 

Any other scenairos?

This is a simplist view. We don't know if there is an issue with 6-2 location (permits, resistance etc), or there are politics in play, management mis-step, snow storm, etc.
Comment by pacer001 on Oct 25, 2022 11:42am
Yo_dog, a snow storm in Namibia? Yes I do know that it does snow in Africa, south, and there is even a ski resort there but as far as I have heard nothing like that in Namibia.
Comment by pacer001 on Oct 25, 2022 11:47am
Yo_dog I stand corrected there is a ski resort of sorts in Namibia and some twenty in all of Africa. Plus the Arabs have built an indoor area that they refrigerate but I don't think that is considerated Africa.  Skingin Namibia: https://www.skiresort.info/ski-resort/ski-namibia/
Comment by gossamer12 on Oct 26, 2022 11:42am
This post has been removed in accordance with Community Policy
Comment by Yo_Dog on Oct 26, 2022 12:52pm
Pacer, the snow comment was just for fun. I had no idea there was snow there! 
Comment by canasol47 on Oct 26, 2022 1:09pm
This post has been removed in accordance with Community Policy
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