Reconnaissance Energy Africa Ltd.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Brian C. Reinsborough
- Full Time Employees
- 44
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- 635, 8th Avenue SW Calgary AB Canada T2P 3M3
- IPO Date
- Feb 24, 1986
- Website
- reconafrica.com
- Similar Companies
- Business
- Reconnaissance Energy Africa Ltd. is a junior oil and gas exploration and development company primarily focused on onshore Namibia and Botswana. The company holds significant interests in petroleum exploration licenses covering the Kavango sedimentary basin in northeast Namibia, where it conducts hydrocarbon exploration activities including drilling, seismic surveying, and resource evaluation. ReconAfrica also operates in the oil and gas sector in Mexico, deriving revenues from production and sale of oil and natural gas, and has expanded into offshore Gabon through a strategic entry involving a production sharing contract and joint venture agreement. Its product and service portfolio comprises exploration and evaluation of oil and gas assets; drilling and development of hydrocarbon resources; and production and sale of petroleum products. The corporate segment supports these operations with management and administrative services from its offices in Vancouver, British Columbia and Calgary, Alberta, Canada. Founded in 2014 and headquartered in Vancouver, British Columbia, ReconAfrica has recently accelerated its drilling activities, with notable progress reported at its Kavango West 1X well in Namibia, including a planned production test in early 2026 following promising hydrocarbon discoveries. In 2025, the company completed a strategic farm-down agreement selling a 20% working interest to BW Energy Limited, enhancing its financial and operational capacity. Additionally, ReconAfrica’s entry into the offshore Gabon market marks a key strategic expansion, positioning the company as an offshore operator in West Africa with diversified appraisal, development, and exploration assets aimed at near-term production and cash flow generation. The company continues to strengthen its leadership and operational capabilities, including key appointments in ESG and exploration roles, to support its growing portfolio and strategic objectives in African oil basins and adjacent regions. ReconAfrica’s business segments include exploration and evaluation of its African assets, oil and gas operations in Mexico, and corporate administration. Target markets comprise energy companies, investors, and governments in Africa and beyond, with geographic operations mainly in Namibia, Botswana, Mexico, and now Gabon. The company’s strategic shift towards integrating exploration with development and production phases, complemented by partnerships and farm-downs, aims to enhance its resource base and unlock value across multiple jurisdictions with substantial hydrocarbon potential. ReconAfrica continues to focus on maximizing the commercial viability of its assets while pursuing sustainable growth within the African upstream oil and gas sector.
Company News
ReconAfrica resumes drilling at Namibia well ahead of horizontal flow test
ReconAfrica Announces Initiation of Horizontal Drilling at KW1X - Flow Test Results Expected Prior To Year-End
ReconAfrica resumes drilling at Namibia well ahead of horizontal flow test
ReconAfrica appoints former MEG Energy CFO Ryan Kubik to board
ReconAfrica Announces Appointment of Ryan Kubik as Independent Director
ReconAfrica flow test samples point to liquids-capable gas system at Namibia discovery well
ReconAfrica flow test samples point to liquids-capable gas system at Namibia discovery well
ReconAfrica Resumes Operations at Kavango West 1X Ahead of Horizontal Flow Test and Provides Updates on KW1X Flow Test Samples, Angola Soil Sampling and Gabon Seismic Reprocessing
ReconAfrica raises C$21.85M to fund Namibia sidetrack drilling
ReconAfrica Announces Closing of $21.9 Million Bought-Deal Public Offering, Including Full Exercise of the Over-Allotment Option, to Conduct Horizontal Sidetrack and Production Testing Program at the Kavango West 1X of the Huttenberg Formation
ReconAfrica Announces Filing of Prospectus Supplement for Upsized Bought-Deal Public Offering of C$19 Million
ReconAfrica upsizes bought-deal offering to C$19M for Namibia program
ReconAfrica Announces Upsize of Bought-Deal Public Offering to C$19 Million to Conduct Horizontal Sidetrack and Production Testing Program at the Kavango West 1X of the Huttenberg Formation
ReconAfrica Announces C$15 Million Bought-Deal Public Offering to Conduct Horizontal Sidetrack and Production Testing Program at the Kavango West 1X of the Huttenberg Formation
ReconAfrica Announces Grant of Stock Options and Restricted Share Units
Reconnaissance Energy Africa reports progress across Namibia, Gabon and Angola operations during Q2
ReconAfrica Announces Second Quarter 2026 Results
ReconAfrica flows gas from second Huttenberg zone, moves to horizontal test
ReconAfrica Announces Hydrocarbon Flow to Surface from the Huttenberg Formation at Kavango West 1X; Program to Continue with Open Hole Horizontal Testing
ReconAfrica flows gas from second Huttenberg zone, moves to horizontal test