Reconnaissance Energy Africa Ltd.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Brian C. Reinsborough
- Full Time Employees
- 28
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- PO Box 48326 Bentall Calgary AB Canada V7X 1A1
- IPO Date
- Feb 12, 2002
- Website
- reconafrica.com
- Similar Companies
- Business
- Reconnaissance Energy Africa Ltd. (RECAF) is a Canada-based junior oil and gas company focused on the exploration and development of hydrocarbons in the Kavango Sedimentary Basin, Damara Fold Belt, and adjacent areas; it holds a 90% working interest in Petroleum Exploration Licence 073 (PEL 073) covering approximately 6.3 million acres in northeastern Namibia, 100% interest in Petroleum Exploration Licence 001 (PEL 001) in northwestern Botswana, and a memorandum of understanding for joint exploration in southeastern Angola. The company conducts stratigraphic test wells, conventional exploration and appraisal drilling, seismic programs including 2D seismic and enhanced full tensor gravity surveys, and geochemical analyses to identify prospective oil and natural gas accumulations; operations target government partners and joint ventures with national oil companies such as NAMCOR in Namibia and BW Energy. Headquartered in Calgary, Alberta, and founded in 2014, ReconAfrica lists on the TSX Venture Exchange (RECO), OTCQX (RECAF), Frankfurt (0XD), and Namibian Stock Exchange (REC); it emphasizes environmental, social, and governance initiatives including community water wells, scholarships, and local content roles. Recent developments include the spudding and drilling updates on the Kavango West 1X exploration well in PEL 73 during 2025 with hydrocarbon indications prompting extended depth and wireline logging, completion of upsized C$16.5 million and C$10 million underwritten offerings in June and September 2025 led by BW Energy which reaffirmed its strategic partnership through follow-on investments increasing its stake, entry into a production sharing contract and joint venture in Angola in September 2025, finalization of a 20% farm-down to BW Energy in PEL 73 in July 2024, dual-listing on the Namibian Stock Exchange and renewal of PEL 001 in Botswana in November 2024, and board changes such as the retirement of founder Craig Steinke as Chair in June 2024 with appointments including the Honourable Diana McQueen as new Chair.
Reconnaissance Energy Africa reports initial hydrocarbon production at Kavango West 1X
ReconAfrica Announces Hydrocarbon Flow from the Elandshoek Formation at Kavango West 1X, Proceeding to Test the Huttenberg Formation with Net Pay Identified
Reconnaissance Energy Africa reports initial hydrocarbon production at Kavango West 1X
ReconAfrica starts first production test – ICYMI
ReconAfrica starts first production test – ICYMI
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ReconAfrica begins production testing at Kavango West 1X in Namibia
ReconAfrica has Commenced Production Testing at the Kavango West 1X Discovery
ReconAfrica begins production testing at Kavango West 1X in Namibia
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Reconnaissance Energy Africa advances Namibia testing program, files Q1 results
ReconAfrica Announces First Quarter Filings
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Reconnaissance Energy Africa expects Kavango West 1X production testing to begin by month-end
ReconAfrica Progresses Toward Kavango West 1X Production Test
ReconAfrica advances Namibia discovery toward appraisal, expands Africa footprint
ReconAfrica Provides Operational Update and Reports 2025 Year-End Results
ReconAfrica CEO talks Kavango West test plans - ICYMI
ReconAfrica CEO talks Kavango West test plans - ICYMI
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