Reconnaissance Energy Africa Ltd.
Other OTCCapital Structure
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in mil. unless spec.Company Description
- CEO
- Brian C. Reinsborough
- Full Time Employees
- 28
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 635, 8th Avenue SW Calgary AB Canada T2P 3M3
- 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.
Company News
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
Reconnaissance Energy Africa CEO discusses first hydrocarbon test success - ICYMI
Reconnaissance Energy Africa CEO discusses first hydrocarbon test success - ICYMI
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
Hydrogen needs infrastructure. Provaris Energy aims to monetise the networks behind the molecules
ReconAfrica begins production testing at Kavango West 1X in Namibia
ReconAfrica has Commenced Production Testing at the Kavango West 1X Discovery