Reconnaissance Energy Africa Ltd (RECAF)

[Amatuer17]

The report looks good - they provide updates regularly - I like transparency

There seems to be delays in drilling new well 5-1

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“The earlier phase of 2D seismic combined with stratigraphic test wells which penetrated the underlying Damara section (pre-Karoo aged stratigraphy), initially identified the fold belt below the Karoo Rift Basin and confirmed the trend and presence of these fold structures, carbonate reservoir rocks with up to 17% matrix porosity, fracture porosity, and significant oil shows (Netherland, Sewell & Associates Report). “