VANCOUVER, BC, June 28, 2022 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSX-V: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) and its joint venture partner NAMCOR (the state oil company of Namibia) are pleased to announce spudding of the 1819/8-2 (“8-2”) well on June 25, 2022.

This initial four well program will be executed continuously and will target seismically defined structures with the objective of testing two of the three play types; oil prone Karoo Rift Fill and Intra Rift Fault Block plays.

The 8-2 well will be drilled to a planned … Continue Reading

VANCOUVER, BC, June 22, 2022 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (FSE: 0XD) and its joint venture partner NAMCOR (the state oil company of Namibia) are pleased to announce completion of the second phase of seismic (761 km) and commencement of the first seismically defined, initial four well drilling program with the first well 1819/8-2 (“8-2”) scheduled to spud on or before June 25, 2022.

The joint venture partners, ReconAfrica and NAMCOR, have successfully completed the second seismic acquisition program comprising 761 linear kilometres of 2-D seismic … Continue Reading

VANCOUVER, BC, May 16, 2022 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSX-V: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) is pleased to announce that it has retained C. Matthew Warder (doing business as Seawolf Research) to provide investor relations services to the Company pursuant to a consulting agreement (the “Agreement”).

Mr. Warder, who is based in Severn, Maryland, is an energy, metals, and mining analyst with nearly two decades of experience covering the natural resource and industrial sectors. As founder and CEO of management consultancy and financial analytics firm Seawolf Research, he provides investment … Continue Reading

VANCOUVER, BC, April 28, 2022 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) wishes to announce that, further to its announcement on February 6, 2022, it has entered into an extension to the Letter of Intent with its partner, the National Petroleum Corporation of Namibia (PTY) LTD (“NAMCOR”), to acquire half of NAMCOR’s 10% carried participating interest in the approximate 6.3 million acres petroleum exploration licence (PEL 73) in the Kavango basin, NE Namibia (the “Transaction”) such that the parties will now work towards entering into a mutually … Continue Reading

VANCOUVER, BC, April 4, 2022 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) is pleased to provide an exploration update for the Kavango Basin in NE Namibia and NW Botswana, highlighting multiple drilling prospects and new play types following the integrated analysis of the two stratigraphic test wells and first phase of 2D seismic.

The initial exploration and development is being conducted in the first of five sub-basins within the greater Kavango Basin where the Company holds petroleum rights over the entire sedimentary basin comprising approximately 8.5 million … Continue Reading

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VANCOUVER, BC, March 1, 2022 /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 bought deal offering (the “Offering”) of units (the “Units”) for gross proceeds of C$47,466,250, including the full exercise of the over-allotment option in the amount of C$6,191,250. The Offering was completed by way of a short form prospectus filed in all of the provinces of Canada, except … Continue Reading

/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/

VANCOUVER, BC, Feb. 8, 2022 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) is pleased to announce that it has amended its agreement with Canaccord Genuity Corp. (the “Underwriter” or “Canaccord”), to increase the size of the previously announced bought deal offering from C$38,100,000 to C$41,275,000 (exclusive of the exercise of the over-allotment option). Pursuant to the revised offering terms, Canaccord, as lead underwriter and sole bookrunner, has agreed to purchase, on a bought deal … Continue Reading

/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/

VANCOUVER, BC, Feb. 8, 2022 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. (the “Underwriter”), acting as lead underwriter and sole bookrunner, pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, an aggregate of 6,000,000 units of the Company (the “Units”) at a price of C$6.35 per Unit (the “Issue Price”) for aggregate gross proceeds … Continue Reading

VANCOUVER, BC, Feb. 6, 2022 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) is pleased to announce it has entered into a Letter of Intent with its partner, the National Petroleum Company of Namibia (“NAMCOR”) to acquire half of NAMCOR’s 10% carried participating interest in the approximate 6.3 million acres petroleum exploration licence (PEL 73) in the Kavango basin, NE Namibia (the “Transaction”).

Consideration for the 5% carried interest shall comprise (a) 5,000,000 common shares in the capital of ReconAfrica (the “Consideration Shares”) having an aggregate value of C$31,750,000… Continue Reading

VANCOUVER, BC, Feb. 5, 2022 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) and certain of its current and former officers, directors and third-party contractors have been named as defendants in two almost identical purported class action lawsuits filed by Company shareholders in the United States District Court in Brooklyn, New York. The lawsuits were filed in the wake of a third, almost identical lawsuit identified by the Company in an October 28, 2021, press release and subsequently voluntarily dismissed by that plaintiff on November 9, 2021… Continue Reading

VANCOUVER, BC, Jan. 20, 2022 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) is pleased to provide an update on operations and appoints two new directors to its board, Craig Steinke and Dr. Joseph Davis, effective immediately. Mr. Steinke will assume the role of Executive Chairman.

Operations

Processing of the first 450 kms of 2D seismic data acquired in the Kavango Basin was recently completed with excellent results. The initial interpretation is near complete and has delineated a diverse group of high-quality prospects for the upcoming three to … Continue Reading

VANCOUVER, BC, Dec. 3, 2021 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces that it has granted to a consultant of the Company options to purchase 500,000 common shares of the Company at a price of $6.00 per share for a period of five years, expiring on December 3, 2026.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Reconnaissance Energy Africa Ltd.

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