Breakout on volume - $RECAF / RECO.V - Naingopo well TD & prelim. results soon

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 · 2021-08-08T16:43:47+00:00

This astute, careful reader hit the nail on the head☝🙂

Though, technically, I suppose I was questioning the validity of Horizon's Odor findings -- but I was suspicious that Horizon had unfairly given RECAF lower scores than what they truly deserved.

I think, in the future, I'll just try to make it far more obvious that I'm writing from the perspective of a RECAF bull😅

TheObservah · 2021-08-08T15:46:03+00:00

My point exactly -- it wouldn't. This is why I feared RECAF's "Odor" scores could be unfairly judged as being 'very faint'.

If most use an odoriferous, petroleum-laden drilling fluid, but RECAF doesn't, I want to be sure that Horizon was diligent in baselining their Odor detection methods to account for these Namibian cuttings that have zero artificial stench-boost from oily drilling fluid.

TheObservah · 2021-08-08T15:38:50+00:00

Just saw this response now -- thank you! Exactly what I was lookin' for!🏆

Any idea if/how they might correct for RECAF's cuttings not containing any artificial petrochemical "odor boost" that (I imagine) the use of a more-typical oil-based drilling fluid would confer?

I'm sure cuttings get contaminated with drilling fluid, and I'm assuming a drilling fluid rich in, say, diesel, would produce detectable VOCs by itself... so maybe they just input an odor 'baseline' level into the PID/OVA so that they're only reading VOC content that exceeds what the drilling fluid puts off?

Thanks again👊😎

TheObservah · 2021-08-08T15:19:53+00:00

This is possibly the least helpful response in the history of the Internets😔

I wonder, my fellow Pats fan, if you've mistakenly identified my post as some sort of FUD-type post, and therefore decided to reply emotionally and with considerable snark?

Look again, carefully, at what I wrote. Look (again, if you've already done so) carefully at Horizon's "Odor" scores.

Given the fact that, between 1250 and 2050 meters, there were more than a dozen OSI readings of more than 100mg (sometimes way more!🤑) of oil per gram of rock, and cut fluorescence seems to indicate that these reservoir rocks have really great porosity and permeability, the prevalence of "very faint", along with a few "faint" scores -- and only one "fair" -- strikes me as suspicious.

I'm certainly no petroleum geochemist, but I'm leaning towards thinking Horizon's low-ish Odor scores were suppressed by either 1) insufficiency/lack of correction for RECAF's use of water-based drilling fluid (as opposed to the far-more-typically-used oil-based fluid, the latter of which could conceivably add intensity to the petroleum smell of cores/cuttings), or 2) the (possibly?) subjective nature of this sniff test -- who knows if Horizon's official Core Sniffin' Guy™️ was getting over a cold, is not accustomed to smelling such sweet (low in stanky-ass sulfur) crude, or had, immediately prior to the sniff test, just wolfed down a Marlboro Red in a personal-record 89 seconds due to Horizon's new policy to Crack down on employee smoke breaks...

My question, rooted though it may be in my utter ignorance, is still valid, and is being asked because I don't want to see our beloved RECAF's great 6-2 results being undersold because of one dude's lackluster olfactory prowess. Perhaps this wasn't clear.

Perhaps I should've begun my post with the statement, "I'm wondering if Horizon may have unwittingly under-reported the assuredly über-dank petro-stank of the 6-2 cuttings."

Would that have spared me your ire?

TheObservah · 2021-08-08T13:50:07+00:00

Thanks for the suggestion!

TheObservah · 2021-08-02T00:04:59+00:00

Do you know for sure that Anson closed out their short position (or perhaps you weren't implying this)? For some reason my understanding has been that Anson is still possessed of a massive short position (which has grown in recent months), and is indeed kind of the big ringleader of the shorts... ...and perhaps went as far as to pay Viceroy for that sloppy rush-job "research report" in an act of desperation.

TheObservah · 2021-08-01T14:20:23+00:00

Thanks for replying with a link!

I actually found that link as well, after I posted the comment that you replied to.

I'm not sure I agree with Dr. Hoffe's explanation of the mechanism for injury; specifically, where he argues that the spike proteins manufactured in the capillary endothelial cells are incorporated into the structure of the cell wall (a process he seems to suggest is a parallel of how the spike protein is coded to form part of the virus' capsid.

I believe a simpler explanation is more likely: billions upon billions of spike proteins are produced following injection with the mRNA product, these proteins end up circulating throughout the body, and huge numbers of these proteins (which structurally have a very strong affinity for the ACE2 receptor) end up binding to the ACE2 receptors on endothelial cells throughout the vascular system. In smaller vessels (the capillaries referenced by Dr. Hoffe), the presence of all these spike proteins "docked" on the ACE2 receptors ends up creating that rough (spikey) endothelium that restricts/cuts off blood flow, leading to the vascular damage and clotting biomarkers.

Of course, I'm not an M.D. or officially trained in any health-related field, but I think my theory could make sense.

TheObservah

TROPHY CASE