Reconnaissance Energy Africa Ltd.
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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 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 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
Reconnaissance Energy Africa CEO discusses first hydrocarbon test success - ICYMI