Reconnaissance Energy Africa is pleased to announce that it has completed its previously announced underwritten, listed issuer financing exemption offering for aggregate gross proceeds of C$36,800,098, including the exercise in full of the over-allotment option. The Offering was conducted on an underwritten basis led by Research Capital Corporation as the lead underwriter and sole bookrunner, on behalf of a syndicate of [...]
Reconnaissance Energy Africa Ltd. announces that the Board of Directors of the Company has adopted a Shareholder Rights Plan with Odyssey Trust Company as Rights Agent effective today. The Shareholder Rights Plan is consistent with modern rights plans adopted by other Canadian public companies and has not been adopted in response to any specific proposal or intention to acquire control of ReconAfrica. In the event of an [...]
Reconnaissance Energy Africa announces that, in connection with its previously announced overnight marketed, listed issuer financing exemption private placement offering of units of the Company, it has increased the size of the offering due to strong investor demand, and has entered into an amended agreement with Research Capital Corporation as the lead underwriter and sole bookrunner, on behalf of a syndicate of [...]
Reconnaissance Energy Africa announces an overnight marketed, listed issuer financing exemption private placement offering of units of the Company at a price of C$0.95 per Unit for aggregate gross proceeds of C$20,000,000. The Offering is led by Research Capital Corporation as the lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters, including Canaccord Genuity Corp. and Haywood Securities Inc [...]
Reconnaissance Energy Africa Ltd. , is pleased to provide a year-end corporate operational update. Brian Reinsborough, President & CEO, commented: "We have had an active and productive 2025 in which we advanced the Company on multiple strategic fronts. We completed drilling our second well in the Damara Fold Belt resulting in encountering of significant hydrocarbons, extended our acreage position into Angola at a low cost [...]
Reconnaissance Energy Africa Ltd. is pleased to announce the results of the Kavango West 1X well located on Petroleum Exploration Licence 73, onshore Namibia. Highlights of Kavango West 1X well: The well encountered ~400 metres of gross hydrocarbon section identified on wireline logs in the Otavi carbonate section. The well encountered 64 net metres of hydrocarbon pay, verified by wireline logs and supported by mud log [...]
Reconnaissance Energy Africa Ltd. is pleased to provide a drilling update on the Kavango West 1X exploration well. Brian Reinsborough, President & CEO, commented "I want to thank everyone who is working on the Kavango West 1X exploration well. The well has been drilling safely and efficiently. The Company is encouraged with the drilling results to date, which show the presence of hydrocarbons through numerous oil and gas [...]
Reconnaissance Energy Africa Ltd. is pleased to provide an operational update regarding the Kavango West 1X exploration well. Brian Reinsborough, President & CEO, commented "Drilling of the Kavango West 1X well is proceeding on schedule and I wish to thank our entire operations team for doing a great job on executing our drilling plan. The final casing string has been set at a depth of approximately 2,300 metres, just [...]
Reconnaissance Energy Africa Ltd. is pleased to announce that it has completed its previously announced and upsized underwritten public offering of units of the Company at a price of C$0.60 per Unit, including the exercise of the over-allotment option, for aggregate gross proceeds of C$20,373,740. The Offering was led by Research Capital Corporation as the lead underwriter and sole bookrunner, on behalf of a syndicate of [...]
Reconnaissance Energy Africa Ltd. is pleased to announce that on September 22, 2025, in connection with its previously announced upsized overnight marketed underwritten public offering of units , it filed a prospectus supplement dated September 22, 2025 to the Company's final short form base shelf prospectus dated February 29, 2024 with the securities commissions in each of the provinces and territories in Canada [...]
The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within two business days, through SEDAR+ Reconnaissance Energy Africa Ltd. announces that, in connection with its previously announced overnight marketed public offering of units of the Company , it has increased the size of the offering due to strong investor demand and it has entered into an underwriting agreement with Research [...]
The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within two business days, through SEDAR+ Reconnaissance Energy Africa announces that it has entered into an agreement with Research Capital Corporation as the lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters, including Canaccord Genuity and Haywood Securities, for an overnight marketed public offering of [...]
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