CALGARY, AB, Oct. 3, 2024 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces an operations update with respect to activities on Petroleum Exploration Licence 073 (“PEL 73”), onshore Namibia and the appointment of Gitane De Silva as Senior Vice President ESG, Communications & Stakeholder Relations.

Brian Reinsborough, President and CEO of the Company stated: “We continue to make progress on the drilling of the Naingopo exploration well on PEL 73 onshore Namibia. We have set our last casing point prior to drilling into the Otavi reservoir … Continue Reading

CALGARY, AB, Aug. 29, 2024 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces an operational update, the filing of its financial results for the quarter ended June 30, 2024 and the release of the Company’s first Sustainability Report.

HIGHLIGHTS

CALGARY, AB, Aug. 9, 2024 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) provides disclosure of incentive stock option grants.

Stock Option Grants

The Company announces that it has granted incentive stock options (the “Options“) to certain directors and officers of the Company to acquire an aggregate of 3,825,000 common shares in the capital of the Company at an exercise price of $1.40 per share in accordance with the Company’s Stock Option Plan. The Options are exercisable for a five-year term expiring August 9, 2029, and will be … Continue Reading

CALGARY, AB, Aug. 6, 2024 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica“) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD), announces an operations update with respect to activity relating to Petroleum Exploration Licence 73 (“PEL 73“), onshore northeast Namibia.

Brian Reinsborough, President and CEO commented: “With the Company funded for our multi-well exploration program and the joint venture agreement in place with BW Energy, focus returns to operations associated with the Naingopo exploration well and other activities on PEL 73. The Naingopo well is currently drilling on schedule and on budget to a depth … Continue Reading

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CALGARY, AB, July 31, 2024 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica“) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) is pleased to announce that it has completed its previously announced C$35 million underwritten public offering (the “Offering“) of units of the Company (the “Units“) at a price of C$1.25 per Unit, and together with the partial exercise of the over-allotment option, for aggregate gross proceeds of approximately C$38.8 million. BW Energy Limited (“BW Energy“) (OSE: BWE) participated in the Offering … Continue Reading

CALGARY, AB, July 30, 2024 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces  that, further to its announcement on July 16, 2024, it has entered into a definitive farm down agreement with BW Energy Limited (“BW Energy”) (OSE: BWE) dated July 30, 2024, for the sale of a 20% working interest in Petroleum Exploration Licence 73 (“PEL 73”), in northeast Namibia. The terms of the agreement are as described in the press release dated July 16, 2024.

Brian Reinsborough, President and CEO commented: … Continue Reading

CALGARY, AB, July 30, 2024 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces the filing of annual disclosure documents for the year ended March 31, 2024, including audited annual consolidated financial statements, management’s discussion and analysis (“MD&A”), annual information form (“AIF”), annual statement of reserves data and other oil and gas information under National Instrument 51-101 (“NI 51-101 Report”) and estimates of prospective resources to the Reconnaissance Energy Africa Ltd. interest in certain prospects and leads located in Petroleum Exploration Licence 73 (“PEL 73”), Kavango Basin, Namibia… Continue Reading

CALGARY, AB, July 8, 2024 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) and its joint venture partner NAMCOR (the state oil company of Namibia), announce the spudding of the Naingopo exploration well on Petroleum Exploration Licence 73 (“PEL 73”), onshore northeast Namibia. Additionally, the Company announces a joint venture update as well as a warrant exercise update.

Brian Reinsborough, President and CEO commented: “Our operations teams spud the well on July 7, 2024. We are extremely excited to be drilling this high impact Damara … Continue Reading

CALGARY, AB, June 27, 2024 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces an operations update with respect to activity relating to Petroleum Exploration Licence 73 (“PEL 73”), onshore northeast Namibia, and a joint venture update.

Brian Reinsborough, President and CEO commented: “We have completed all the camp, rig and equipment moves and are in the process of rigging up in anticipation of a July 7, 2024 spud date for the high impact Naingopo exploration well. Operationally, things remain busy on site with well site construction … Continue Reading

CALGARY, AB, June 19, 2024 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) provides disclosure of incentive stock option grants.

The Company announces that it has granted incentive stock options (the “Options”) to certain directors, officers, employees, and consultants of the Company to acquire an aggregate of 5,800,000 common shares in the capital of the Company at an exercise price of $1.40 per share in accordance with the Company’s Stock Option Plan. The Options are exercisable for a five-year term expiring June 19, 2029, and … Continue Reading

CALGARY, AB, June 11, 2024 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces an operations update with respect to activity relating to Petroleum Exploration Licence 73 (“PEL 73”), onshore northeast Namibia, and an update on the joint venture process.

Brian Reinsborough, President and CEO commented: “Our operations teams and contractors are very busy completing the camp and rig moves this week. Since our last update the Jarvie-1 drilling rig has undergone all its maintenance and certification processes with no major issues noted. It has been … Continue Reading

VANCOUVER, BC, June 6, 2024 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces changes to its Board of Directors, including the retirement of Chairman Craig Steinke, the appointment of the Honourable Diana McQueen as Chair and the appointment of D. Jeffrey Harder as a new independent director and Chair of the Audit Committee.

Mr. Craig Steinke, the founder of ReconAfrica, is retiring as a director and Chair of the Board. Mr. Steinke has been a director and Chair since January … Continue Reading