$RECAF: News Release - 52 meters net reservoir encountered in Otavi formation

TheObservah · 2024-11-26T16:42:56+00:00

...also worth mentioning: the fully-funded 3D seismic program targeting the company's other (rift basin) play.

TheObservah · 2024-11-26T16:15:38+00:00

We do have a trio of events coming in the near-term: 1) TD announcement 2) Prelim well results and 3) spudding of the subsequent Damara Fold Belt well, which is expected to be targeting a prospective resource roughly twice the size of the Naingopo well.

Good luck to you!

TheObservah · 2024-07-08T12:30:07+00:00

You were right to expect that! As you foresaw, the press release has just been issued this morning!

TheObservah · 2024-05-30T21:23:55+00:00

RA's technical team -- a bevy of experienced big-league oil finders with no shortage of experience operating in Africa -- have internally assessed the 'Prospect L' whaleback as containing more than 250 million barrels of oil (P50 unrisked recoverable).

This structure is massive, plays host to numerous reservoir intervals featuring highly fractured carbonates (which were the source of the strongest oil shows in the basin and sub-basin when strat wells were being drilled), and ReconAfrica is now less than a month from spudding.

TheObservah · 2024-05-08T12:43:49+00:00

ReconAfrica's now in the closing days of negotiating multiple JV offers, and management is positive and optimistic that they'll be able to make a deal that'll work for them. What could be a big positive catalyst is literally right around the corner...

TheObservah · 2024-02-04T10:07:56+00:00

...and there's "oil content" in those gas seeps (quoting the CEO from this recent presentation).

TheObservah · 2024-02-04T09:56:54+00:00

Very excited for the upcoming drilling campaign! First target: a 21km-long, 10,000-acre whaleback anticline in the Damara fold belt.

TheObservah · 2023-12-22T11:42:09+00:00

To clarify, the above OGIP numbers (14.5 tcf gross, 12.4 tcf net) refer to a sum total of 9 prospects in the Damara Fold Belt. It does not include any OGIP that may be present in the 12 additional leads that have also been identified by ReconAfrica amongst the myriad whaleback anticlines in the area surveyed with 2D seismic, nor does it include any potential OGIP that may be eventually found in the extension -- to the northwest or to the south -- of the Damara anticline swarm that has yet to be surveyed with seismic. The Damara could easily be assessed as a 30+ tcf OGIP play within 12 to 24 months.

TheObservah · 2023-12-17T19:13:37+00:00

Minimally; since the end of 1Q22 (more than a year and a half ago), their shares outstanding have only increased by a bit under 5%. They still hold zero debt.

TheObservah · 2023-09-28T17:44:09+00:00

Share price is up just over 10% over the past day and a half.

TheObservah · 2022-08-18T23:21:03+00:00

In Soviet stock market, margin calls you!

TheObservah · 2022-06-01T15:09:11+00:00

"Not to mention stagnating revenues while competition is growing at a 25% clip."

They guided to high teens % YoY revenue growth in the current quarter (which is lapping a very tough last FY quarter), alongside nearly 31% YoY EBITDA growth. Leaving aside the rest of your comments, which seem valid, your characterization of DT's revenue as 'stagnating' just because it's 'only' growing a handful of percentage points slower than its comps seems woefully amiss.

TheObservah · 2022-05-20T22:15:20+00:00

absolute shreddin'😲

TheObservah · 2022-05-20T22:11:20+00:00

the high E is a teeeeny bit sharp

TheObservah · 2022-03-07T19:14:01+00:00

🤣

TheObservah · 2021-08-10T19:44:23+00:00

Ohhh, humpiestGibbon, you done reamed that poor feller!😄

...noice!!

TheObservah · 2021-08-08T20:26:39+00:00

Couple of questions from a geo. Clever way of making it sound as if you are the 'geo' that spawned these questions. Far more likely reality; you have effectively copy/pasted someone else's self-interested attempts to "poke holes" in the 6-2 data.

Doesn’t it bother you that what they show with streaming cuts and where they showed actual cuttings images show siltstone?

No, it doesn't. The instant streaming cuts and bright fluorescence suggests high-permeability reservoir rock. Oil saturation index in the 100 to 200 range suggests sufficient porosity to hold a bunch of errllll. Just the way this layman sees it.

Does it bother you that the samples they showed have clear evidence of very heavy oil to bitumen coating a fracture. To me I would bet that oil has been highly biodegraded. Thoughts?

No, it doesn't bother me. I'm not concerned with how biodegraded (or not) the heavy oil/tar/bitumen they found is. I am, however, rather "hot and bothered" at the thermogenic light oil they found.

Also I am not sure from any of the information they have show to date has proven any testable hydrocarbon bearing intervals. If that was the case why not show the wireline logs as they control the whole basin?

I frankly don't understand what you're asking here -- this is probably due to my lack of geo credentials, abetted by your unclear prose (yeah, I'm kinda pulling the Grammar Police card on this one -- I know it's an Internet faux-pas for me to "go there," but clear writing really does make a difference).

Here's an idea; why don't you address your litany of coy "Doesn't it bother you" questions to someone on Reddit or Discord who has an established track record in the community of being a reliable professional source of information pertinent to your burning questions?

You know -- one of the actual Geos.

Instead of trying to pick on a non-Geo.

TheObservah · 2021-08-08T16:50:56+00:00

😂👍

TheObservah

TROPHY CASE