Zonte Video - February 19, 2024

Zonte Aug. 10, 2023 Video

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Reconnaissance Africa(RECO)

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1 year 3 months ago #128007 by JunglistGuy
JunglistGuy replied the topic: Reconnaissance Africa(RECO)
I am in at $3.80

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1 year 3 months ago #128003 by DearJohn
DearJohn replied the topic: Reconnaissance Africa(RECO)
They could hit on 2 or 3 wells, this year. Put me in at $8.00

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1 year 3 months ago #127999 by lynnsa10
lynnsa10 replied the topic: Reconnaissance Africa(RECO)
Alex, thanks for the reminder. I will go with $6.50

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1 year 3 months ago #127998 by alexgreat
alexgreat replied the topic: Reconnaissance Africa(RECO)
Put me down for $5.55 on this years contest

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1 year 6 months ago #127873 by Gambler
Gambler replied the topic: Reconnaissance Africa(RECO)
Came across an interesting article from Oct 5
www.freightnews.co.za/article/oil-okavango-cards

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1 year 11 months ago #127619 by alexgreat
alexgreat replied the topic: Reconnaissance Africa(RECO)
Agree 100% and I bought more as well

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1 year 11 months ago #127618 by GoldnBoy
GoldnBoy replied the topic: Reconnaissance Africa(RECO)
I bought some more on this dip down to $5 area, a real bargain here

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2 years 1 week ago #127580 by RonS
RonS replied the topic: Reconnaissance Africa(RECO)
Great video presentation from April 6 with Scot Evans, highlights the recent seismic data.
Must watch

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2 years 1 month ago #127486 by GoldnBoy
GoldnBoy replied the topic: Reconnaissance Africa(RECO)
Very good news, can't wait for the drills to start. I have accumulated a good position. A good up day on some better volume. The stock must be pretty tightly held to move 6% on 633k volume

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2 years 1 month ago #127469 by lynnsa10
lynnsa10 replied the topic: Reconnaissance Africa(RECO)
Stock on the move with good news today

Mr. Scot Evans reports

KAVANGO BASIN EXPLORATION UPDATE HIGHLIGHTS MULTIPLE DRILLING PROSPECTS AND NEW PLAY TYPES

Reconnaissance Energy Africa Ltd. has provided an exploration update for the Kavango basin in northeast Namibia and northwest Botswana, highlighting multiple drilling prospects and new play types following the integrated analysis of the two stratigraphic test wells and first phase of 2-D seismic.

The initial exploration and development is being conducted in the first of five sub-basins within the greater Kavango Basin where the Company holds petroleum rights over the entire sedimentary basin comprising approximately 8.5 million acres.

HIGHLIGHTS

The results of the first two stratigraphic test wells drilled by ReconAfrica and subsequent 2D seismic data acquired in the Kavango Basin, NE Namibia have established a significant rift basin similar to the other major petroleum provinces/rift basins including onshore Africa, and areas of the North Sea.
Thus far, the integrated interpretation has established three groups of hydrocarbon opportunities ("Plays"), illustrated in the Play Map below:
Primary: Karoo Rift Fill (Light Oil)
Secondary: Intra-Rift Fault Blocks (Light Oil)
Secondary: Damara Fold Belt (NEW PLAY, Gas/Gas Condensate)
The work has initially identified five drillable prospects (including sidetracking of the 6-2 well) and eighteen leads in the first of five sub-basins. These leads will potentially be matured to drillable prospects driven by the second phase of 2D seismic acquisition currently underway.
Six potential reservoir and four potential source rock intervals have been established in the basin so far. Initial thermal analysis indicates the lower Karoo Rift Fill source rocks should be in the light oil maturation interval.
New Play established: Interpretation of the first phase of seismic data also identified a new play, the Damara Fold Belt, that was not anticipated in the original studies of the Kavango Basin. These structures as illustrated by the seismic example, delineated in purple, in the Play Map appear coherent, mappable and potentially large.
Termed ASF-1 on the Play Map, an active combustible gas seep was found that is clearly thermogenic hydrocarbons and part of an active petroleum system, as confirmed by third party analysis. It also supports the concept of potentially more than one source rock system, including both light oil and gas/gas condensate.
For 2022 ReconAfrica plans to initiate a multi-well drilling program, beginning with three test wells and a sidetrack of the 6-2 well. Importantly, these will be the first wells drilled into seismically defined traps with the objective to prove commerciality of this petroleum system. The Company and relevant governmental authorities are advancing drilling permits with a target to spud the first of the three wells in Q2 2022. A more definitive schedule for construction and spudding the first well will be provided in the next few weeks.
The Phase 2 seismic acquisition (approximately 600 kms) is ongoing with good progress to date, emphasizing prospect definition and extension into new areas to the east and south.
Current drilling prospects are shown as black circles on the Play Map below.
Additional details on the exploration update including current drilling plans can be found in a white paper on the Company's website.

Scot Evans, Chief Executive Officer of ReconAfrica, commented: "As we continue to progress the evaluation and exploration of the Kavango Basin, our work to date has increased our confidence that the Kavango Basin is highly prospective for conventional oil and natural gas. Building on the success of our 2021 program, we are now focused on executing our 2022 seismic acquisition and drilling program. As we begin this second phase of operations, I would like to recognize the strong support for this project by the Namibian government and local communities, and to thank all the people within ReconAfrica and its local affiliates for their incredible effort in deepening our understanding of the Kavango Basin, what we believe is one of the largest undeveloped onshore basins in the world."

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2 years 1 month ago #127457 by RonS
RonS replied the topic: Reconnaissance Africa(RECO)
Just finished listening to webinar and there was a question about RECO and community engagement, about 1 hour 10 minute mark - 'Community Consultation/engagement is very aggressive from RECO and more so and better than anything in the past. The Ministry is also involved, but there has been some misinformation. Ministry has a very detailed program. Will continue to ensure there will be very minimal impact to communities.'

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2 years 1 month ago #127455 by RonS
RonS replied the topic: Reconnaissance Africa(RECO)
Namibia is the new exploration hotspot! New discoveries were announced by Shell and TotalEnergies and have proven the petroleum potential of this part of West Africa, which was long overlooked by major oil companies.

We are pleased to have three speakers joining us: Maggy Shino, the Petroleum Commissioner for the Ministry of Mines and Energy, Victoria Sibeya, Executive for Namcor's Upstream Exploration, and Gil Holzman, President and CEO of Eco Atlantic Oil & Gas.

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