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VANCOUVER, BC, Sept. 5, 2023 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica“) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) is pleased to announce that it has closed a non-brokered private placement with Insiders of the Company of units (the “Units“) of the Company at a price of $1.12 per Unit for gross proceeds of $1,200,080 (the “Offering“), of which a total of $1,000,000 was subscribed for by the Company’s new Chief Executive Officer, Brian Reinsborough. … Continue Reading

VANCOUVER, BC, Aug. 29, 2023 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces the appointment of Iman Hill as a new independent director to the Board of Directors, effective August 29, 2023.

Ms. Hill joins the Board with over 25 years of senior oil & gas experience with extensive expertise in the technical and commercial aspects of the industry, as well Iman has a strong commitment to HSE, Sustainability and Energy Transition. Iman is a petroleum engineer and has held senior leadership roles at BP, Shell, BG, … Continue Reading

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VANCOUVER, BC, Aug. 3, 2023 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica“) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) is pleased to announce that it intends to complete a non-brokered private placement with officers and directors of the Company of units (the “Units“) of the Company at a price of $1.12 per Unit for gross proceeds of $1,200,000 (the “Offering“), of which approximately $1,000,000 is being subscribed for by the Company’s new Chief Executive Officer. Each … Continue Reading

VANCOUVER, BC, Aug. 1, 2023 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces that, effective August 1, 2023, Brian Reinsborough will be appointed President and Chief Executive Officer of the Company and effective August 7, 2023, Adam Rubin will be appointed General Counsel of the Company.

Brian Reinsborough – President and Chief Executive Officer

Brian is a visionary executive with an outstanding track record and brings 35 years of successful oil and gas exploration and production experience including over 25 years in deepwater Gulf of Mexico… Continue Reading

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VANCOUVER, BC, July 18, 2023 /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 overnight marketed offering (the “Offering“) of units (the “Units“) of the Company for gross proceeds of $7,475,000, including the full exercise of the over-allotment option in the amount of $975,000. The Offering was completed by way of a short form prospectus filed in all … Continue Reading

VANCOUVER, BC, July 12, 2023 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces it has received its Environmental Clearance Certificate (“ECC”) from the Office of the Environmental Commissioner, Ministry of Environment, Forestry and Tourism, covering PEL 73 licence, which extends over an area of ~6.3 million acres (~25,000 km2), in northeastern Namibia.

The ECC authorizes ReconAfrica to commence the drilling of an additional 12 exploration and appraisal wells, to unrestricted depths, in the Kavango Basin, in Namibia from July 4, 2023, until July 4, 2026. … Continue Reading

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VANCOUVER, BC, June 27, 2023 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica“) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) is pleased to announce that it has agreed to increase the size of its previously announced overnight marketed offering co-led by Canaccord Genuity Corp. and Haywood Securities Inc. (collectively, the “Underwriters“). The upsized offering will consist of 5,909,091 units (the “Units“) of the Company at a price of $1.10 per Unit (the “Offering Price“) for aggregate gross … Continue Reading

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VANCOUVER, BC, June 27, 2023 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica“) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) is pleased to announce that, in connection with its previously announced overnight marketed offering, it has entered into an underwriting agreement with Canaccord Genuity Corp. and Haywood Securities Inc. (collectively, the “Underwriters“) to sell 4,545,454 units (the “Units“) of the Company at a price of $1.10 per Unit (the “Offering Price“) for aggregate gross proceeds of $5,000… Continue Reading

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VANCOUVER, BC, June 26, 2023 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica“) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) is pleased to announce that it has filed a preliminary short form prospectus in connection with an overnight marketed offering (the “Offering“) of units (the “Units“) of the Company, at a price per Unit to be determined in the context of the market (the “Offering Price“). The Offering is being conducted through a syndicate of underwriters comprised … Continue Reading

VANCOUVER, BC, June 26, 2023 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces an updated prospective resource estimate supported by a Prospective Resource Report (dated June 22, 2023 with an effective date of March 31, 2023) (the “Report”) focused solely on the new Damara Fold Belt gas play (the “Project”) located within the Company’s Petroleum Exploration Licence (“PEL 73”) in the Kavango Basin, NE Namibia in which the Company holds a 90% working interest.

ReconAfrica engaged Netherland, Sewell & Associates, Inc. (“NSAI”), an independent qualified reserves evaluator … Continue Reading

VANCOUVER, BC, June 5, 2023 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) is pleased to announce the results of the Association of International Energy Negotiators, (AIEN) 2022 Corporate Social Responsibility award at the annual International Energy Summit & Award Ceremony that took place in Miami, Florida on May 31, 2023.

These awards celebrate impactful industry achievements, underpinned by international energy negotiations and transactions that promote and embody the principles of the AIEN in the energy industry. This year, AIEN has recognized achievements in five categories: Deal of … Continue Reading

VANCOUVER, BC, May 26, 2023 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) reports that on May 23, 2023, a shareholder of the Company, filed a claim pursuant to the Class Proceedings Act against the Company, in the Supreme Court of British Columbia, alleging various misrepresentations published in core and non-core documents.

ReconAfrica will review the claim, but currently has no reason to believe that there is any merit to the claim.

About ReconAfrica

ReconAfrica is a Canadian oil and gas company engaged in the opening of … Continue Reading